90 1st St EColeharborND58531
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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 Coleharbor at 90 1st St E, Coleharbor, ND, 58531 offers a 4.97% rental yield on a $239,900 purchase with $994/mo rent. 88% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 65.07% and total cumulative return in cash at $51,751. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $994/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58531, Coleharbor, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 168 (45.3%) |
| Renter Occupied HU | 28 ( 7.5%) |
| Vacant Housing Units | 175 (47.2%) |
| Median Home Value | $332,558 |
| Average Home Value | $429,360 |
Housing Distribution
Address Breakdown
Residential
192
Single Family
192
Multi-Family
0
Businesses
7
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Listed by: Caitlin Jangula • GOLDSTONE REALTY
Mls Name: Great North MLS
Mls ID: #4023008