8221 117th Ave SECreteND58040
Nearby investment properties with comparable rents
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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 Crete at 8221 117th Ave SE, Crete, ND, 58040 listed at $438,000 pairs $1,735/mo rent with a $2,144/mo payment. Total monthly income runs $1,735/mo. Return on cash invested measures 12.22% in year one, and rental yield registers 4.75% at a $438,000 basis. Equity gained on principal adds $2,826/yr, and annual property appreciation at 5% supports $121,011 by year five. Five-year ROI tracks 61.48% and total cumulative return in cash totals $89,274. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,735/mo property income relative to a $2,144/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
10.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58040, Gwinner, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 532 (100%) |
| Owner Occupied HU | 320 (60.2%) |
| Renter Occupied HU | 159 (29.9%) |
| Vacant Housing Units | 53 ( 10.0%) |
| Median Home Value | $210,870 |
| Average Home Value | $212,414 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
218
Multi-Family
89
Businesses
40
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Listed by: Wes Well • RE/MAX Advantage
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6732557