714 Alder AveHarveyND58341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Harvey at 714 Alder Ave, Harvey, ND, 58341 offers a 9.15% rental yield on a $117,900 purchase with $899/mo rent. Total monthly income registers $899/mo, and a $577/mo payment leaves $182/mo available for distribution. Annual cash flow reaches $2,178/yr on $39,084 to close, and return on cash invested stands at 25.48% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,574 over five years. Portfolio math shows five-year ROI at 132.66% and total cumulative return in cash at $51,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $899/mo property income against a $577/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58341, Harvey, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 828 (59.5%) |
| Renter Occupied HU | 249 (17.9%) |
| Vacant Housing Units | 315 (22.6%) |
| Median Home Value | $172,143 |
| Average Home Value | $228,089 |
Housing Distribution
Address Breakdown
Residential
1,163
Single Family
1,026
Multi-Family
137
Businesses
154
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Swang • Vorland Land Company
Mls Name: My State MLS
Mls ID: #11507931