85 Elevator RdCarringtonND58421
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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 Carrington at 85 Elevator Rd, Carrington, ND, 58421 generates $1,084/mo in rent, after a $1,419/mo payment. Total monthly income is $1,084/mo. Return on cash invested sits at 11.41% in year one, and rental yield is 4.49% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 57.16% and total cumulative return in cash sums $54,933. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,084/mo property income rather than buyer’s personal income.
Manufactured
Built in 2013
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58421, Carrington, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 943 (64.6%) |
| Renter Occupied HU | 297 (20.4%) |
| Vacant Housing Units | 219 (15.0%) |
| Median Home Value | $204,427 |
| Average Home Value | $261,331 |
Housing Distribution
Address Breakdown
Residential
1,277
Single Family
1,160
Multi-Family
117
Businesses
187
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Listed by: Alison Schumann • Century 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4018228
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.