79 3rd St NEllendaleND58436
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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 Ellendale at 79 3rd St N, Ellendale, ND, 58436 uses $82,842 cash to close to unlock $9,614/yr annual cash flow and $801/mo monthly cash flow. Total monthly income runs $2,322/mo, and a $1,223/mo payment keeps the spread at $801/mo. Purchase price stands at $249,900, and rental yield measures 11.15% with $2,322/mo rent. Return on cash invested shows 31.51% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 164.98% and total cumulative return in cash records $136,670. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,322/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1905
7,405 sqft lot
$N/A/sqft
No HOA
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Listed by: Michael J Janke • Century 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4023298