739 2nd St NW Unit 306Valley CityND58072
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.71% gross rental yield, 739 2nd St NW Unit 306, Valley City, ND, 58072 in Valley City is priced for capital growth, not immediate cash flow. The $259,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $71,806 by year five, with $2,394/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.69) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $39,396.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 5.1% |
| Monthly Cash Flow | $(928) | $450 |
City averages based on Valley City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $804 |
| Total Monthly Debt Service | $1,628 |
| DSCR Ratio | 0.49x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2016
3,484 sqft lot
$N/A/sqft
$150 monthly HOA
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
Condo
Built in 2016
3,484 sqft lot
$N/A/sqft
$150 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Jensen • RE/MAX Now - VC
Mls Name: Great North MLS
Mls ID: #4022749
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.