8829 Meadowlark PkwyHoraceND58047
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Nearby investment properties with comparable prices
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 8829 Meadowlark Pkwy, Horace, ND, 58047 priced at $520,000 converts $3,406/mo rent into $241/mo cash flow after a $2,545/mo obligation. Total monthly income equals $3,406/mo, and annual cash flow totals $2,896/yr on $171,080 invested. Return on cash invested prints 21.75% in year one, and rental yield reads 7.86% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 112.57% and total cumulative return in cash sums $192,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,406/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.26 Acres 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: Luke Haldis • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6757410