724 7th St SEDevils LakeND58301
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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 Devils Lake at 724 7th St SE, Devils Lake, ND, 58301 priced at $300,000 pairs $1,914/mo rent with $89/mo cash flow after a $1,468/mo payment. Total monthly income equals $1,914/mo, and annual cash flow comes to $1,062/yr on $99,450 invested. Return on cash invested is 20.98% in year one, and rental yield stands at 7.66% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 108.44% and total cumulative return in cash reaches $107,844. For financing, Ziffy Mortgage’s DSCR program evaluates $1,914/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1976
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58301, Devils Lake, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,184 (100%) |
| Owner Occupied HU | 2,704 (52.2%) |
| Renter Occupied HU | 1,723 (33.2%) |
| Vacant Housing Units | 757 (14.6%) |
| Median Home Value | $244,033 |
| Average Home Value | $272,981 |
Housing Distribution
Address Breakdown
Residential
4,650
Single Family
3,669
Multi-Family
981
Businesses
657
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Listed by: Melissa A. Pavek • Real Estate 7
Mls Name: My State MLS
Mls ID: #11433373