7901 Lost River RdHoraceND58047
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
Investment Highlights
Rental property for sale in Horace at 7901 Lost River Rd, Horace, ND, 58047 offers $3,232/mo rent that, after a $2,000/mo payment, leaves $728/mo cash flow. Total monthly income is $3,232/mo, and annual cash flow is $8,739/yr on $135,487 cash. Return on cash invested measures 26.36% in year one, and rental yield stands at 9.49% at a $408,710 entry. Equity gained on principal adds $2,637/yr while 5% annual appreciation compounds into $112,919 by year five. Five-year ROI records 137.36% and total cumulative return in cash reaches $186,110. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,232/mo property income versus a $2,000/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.12 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58047, Horace, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,417 (100%) |
| Owner Occupied HU | 2,024 (83.7%) |
| Renter Occupied HU | 153 ( 6.3%) |
| Vacant Housing Units | 240 ( 9.9%) |
| Median Home Value | $468,689 |
| Average Home Value | $542,473 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,130
Multi-Family
6
Businesses
137
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Nearby investment properties with comparable prices
Listed by: Nate Anderson • Thomsen Homes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6739521
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