7825 Main St ECarringtonND58421
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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 Carrington at 7825 Main St E, Carrington, ND, 58421 listed at $119,000 pairs $1,150/mo rent with a $582/mo payment to leave $426/mo cash flow. Total monthly income runs $1,150/mo, and annual cash flow reaches $5,114/yr on $39,449 cash to close. Return on cash invested measures 32.87% in year one, and rental yield registers 11.6% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 172.34% and total cumulative return in cash totals $67,985. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,150/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58421, Carrington, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 943 (64.6%) |
| Renter Occupied HU | 297 (20.4%) |
| Vacant Housing Units | 219 (15.0%) |
| Median Home Value | $204,427 |
| Average Home Value | $261,331 |
Housing Distribution
Address Breakdown
Residential
1,277
Single Family
1,160
Multi-Family
117
Businesses
187
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Listed by: Michael Buseth • ELITE REAL ESTATE, LLC
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250606
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