738 2nd Ave ENew EnglandND58647
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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
Investment property for sale in New England at 738 2nd Ave E, New England, ND, 58647 offers a 7.76% rental yield on a $148,500 purchase with $960/mo rent. Total monthly income registers $960/mo, and a $727/mo payment leaves $56/mo available for distribution. Annual cash flow reaches $672/yr on $49,228 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $958/yr while 5% annual appreciation supports $41,028 over five years. Portfolio math shows five-year ROI at 110.14% and total cumulative return in cash at $54,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $727/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58647, New England, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 577 (100%) |
| Owner Occupied HU | 346 (60.0%) |
| Renter Occupied HU | 101 (17.5%) |
| Vacant Housing Units | 130 (22.5%) |
| Median Home Value | $219,643 |
| Average Home Value | $282,103 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
47
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Listed by: Tammie Braun • The Real Estate Company
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-715
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.