807 2nd St NEFessendenND58438
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Fessenden at 807 2nd St NE, Fessenden, ND, 58438 generates $0/mo in rent, after a $548/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.12% in year one, and rental yield is 0% on a $111,999 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation builds toward $30,943 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1904
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58438, Fessenden, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 383 (100%) |
| Owner Occupied HU | 264 (68.9%) |
| Renter Occupied HU | 43 (11.2%) |
| Vacant Housing Units | 76 (19.8%) |
| Median Home Value | $75,600 |
| Average Home Value | $115,436 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
184
Multi-Family
0
Businesses
57
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Tami Feist • F6 Realty LLC
Mls Name: My State MLS
Mls ID: #11596653