813 2nd AveHoraceND58047
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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
Rental property for sale in Horace at 813 2nd Ave, Horace, ND, 58047 generates $2,940/mo in rent and, after a $1,399/mo payment, leaves $1,200/mo in cash flow. Total monthly income is $2,940/mo, and annual cash flow is $14,403/yr on $94,785 invested. Return on cash invested sits at 35.1% in year one, and rental yield is 12.34% on a $285,929 entry. Equity gained on principal adds $1,845/yr, while 5% annual appreciation builds toward $78,997 over five years. Five-year ROI reaches 184.23% and total cumulative return in cash sums $174,622. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,940/mo property income rather than buyer’s personal income.
Multi Family
Built in 2023
6,534 sqft lot
$N/A/sqft
No 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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Listed by: Nate Anderson • Thomsen Homes
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6617299
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.