860 23rd St NEDrakeND58736
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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 Drake at 860 23rd St NE, Drake, ND, 58736 generates $1,439/mo in rent, after a $1,958/mo payment. Total monthly income is $1,439/mo. Return on cash invested sits at 10.9% in year one, and rental yield is 4.32% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 54.39% and total cumulative return in cash sums $72,124. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,439/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
70.47 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Blaine Cook • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794071