815 2nd Ave NWKenmareND58746
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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 Kenmare at 815 2nd Ave NW, Kenmare, ND, 58746 priced at $179,900 converts $1,429/mo rent into $181/mo cash flow after a $881/mo obligation. Total monthly income equals $1,429/mo, and annual cash flow totals $2,170/yr on $59,637 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 9.53% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 123.34% and total cumulative return in cash sums $73,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,429/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58746, Kenmare, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 517 (62.1%) |
| Renter Occupied HU | 132 (15.9%) |
| Vacant Housing Units | 183 (22.0%) |
| Median Home Value | $162,972 |
| Average Home Value | $208,187 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
356
Multi-Family
67
Businesses
78
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Listed by: Natosha Gartner • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250244
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