846 1st 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 846 1st Ave, Horace, ND, 58047 listed at $346,070 pairs $3,089/mo rent with a $1,694/mo payment to leave $983/mo cash flow. Total monthly income runs $3,089/mo, and annual cash flow reaches $11,791/yr on $114,722 cash to close. Return on cash invested measures 30.19% in year one, and rental yield registers 10.71% at a $346,070 basis. Equity gained on principal adds $2,233/yr, and annual property appreciation at 5% supports $95,613 by year five. Five-year ROI tracks 157.84% and total cumulative return in cash totals $181,072. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,089/mo property income relative to a $1,694/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.14 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: NorthstarMLS as distributed by MLS GRID
Mls ID: #6822995