831 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
Investment property for sale in Horace at 831 2nd Ave, Horace, ND, 58047 earns $1,081/mo cash flow from $2,894/mo rent with a $1,458/mo payment. Total monthly income totals $2,894/mo, and annual cash flow totals $12,973/yr on $98,727 capital. ROI tracks 33.05% on current figures, and rental yield reads 11.66% at a $297,820 purchase. Equity gained on principal adds $1,922/yr, and 5% annual appreciation supports $82,282 over five years. Five-year ROI reaches 173.22% and total cumulative return in cash sums $171,011. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,894/mo property income instead of your personal income.
Multi Family
Built in 2023
6,098 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: #7427832
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.