819 3rd St SWRugbyND58368
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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 Rugby at 819 3rd St SW, Rugby, ND, 58368 offers a 13.56% rental yield on a $288,900 purchase with $3,265/mo rent. Total monthly income registers $3,265/mo, and a $1,414/mo payment leaves $1,507/mo available for distribution. Annual cash flow reaches $18,081/yr on $95,770 to close, and return on cash invested stands at 38.79% in year one. Equity gained on principal adds $1,864/yr while 5% annual appreciation supports $79,818 over five years. Portfolio math shows five-year ROI at 203.96% and total cumulative return in cash at $195,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,265/mo property income against a $1,414/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58368, Rugby, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,792 (100%) |
| Owner Occupied HU | 1,203 (67.1%) |
| Renter Occupied HU | 295 (16.5%) |
| Vacant Housing Units | 294 (16.4%) |
| Median Home Value | $179,241 |
| Average Home Value | $223,128 |
Housing Distribution
Address Breakdown
Residential
1,653
Single Family
1,500
Multi-Family
153
Businesses
233
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Listed by: MICHAEL HOUIM • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251134