7984 County Road 1Devils LakeND58301
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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 Devils Lake at 7984 County Road 1, Devils Lake, ND, 58301 offers a 12.01% rental yield on a $204,500 purchase with $2,047/mo rent. Total monthly income registers $2,047/mo, and a $1,001/mo payment leaves $764/mo available for distribution. Annual cash flow reaches $9,165/yr on $67,792 to close, and return on cash invested stands at 33.43% in year one. Equity gained on principal adds $1,320/yr while 5% annual appreciation supports $56,500 over five years. Portfolio math shows five-year ROI at 175.48% and total cumulative return in cash at $118,961. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,047/mo property income against a $1,001/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58301, Devils Lake, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,184 (100%) |
| Owner Occupied HU | 2,704 (52.2%) |
| Renter Occupied HU | 1,723 (33.2%) |
| Vacant Housing Units | 757 (14.6%) |
| Median Home Value | $244,033 |
| Average Home Value | $272,981 |
Housing Distribution
Address Breakdown
Residential
4,650
Single Family
3,669
Multi-Family
981
Businesses
657
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Nearby investment properties with comparable prices
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