850 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
Rental property for sale in Horace at 850 1st Ave, Horace, ND, 58047 generates $2,826/mo in rent and, after a $1,627/mo payment, leaves $803/mo in cash flow. Total monthly income is $2,826/mo, and annual cash flow is $9,633/yr on $110,226 invested. Return on cash invested sits at 28.65% in year one, and rental yield is 10.2% on a $332,506 entry. Equity gained on principal adds $2,146/yr, while 5% annual appreciation builds toward $91,865 over five years. Five-year ROI reaches 149.57% and total cumulative return in cash sums $164,861. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,826/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.16 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: #6779913