723 W 4th StLarimoreND58251
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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
Rental property for sale in Larimore at 723 W 4th St, Larimore, ND, 58251 priced at $114,900 converts $916/mo rent into $66/mo cash flow after a $562/mo obligation. Total monthly income equals $916/mo, and annual cash flow totals $795/yr on $38,089 invested. Return on cash invested prints 22% in year one, and rental yield reads 9.57% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 115.72% and total cumulative return in cash sums $44,078. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $916/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1943
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58251, Larimore, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 869 (100%) |
| Owner Occupied HU | 613 (70.5%) |
| Renter Occupied HU | 159 (18.3%) |
| Vacant Housing Units | 97 (11.2%) |
| Median Home Value | $197,266 |
| Average Home Value | $222,378 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
296
Multi-Family
22
Businesses
67
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Listed by: N/A • N/A
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