900 Progress PlUnderwoodND58576
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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 Underwood at 900 Progress Pl, Underwood, ND, 58576 offers $720/mo rent that, after a $1,957/mo payment. Total monthly income is $720/mo. Return on cash invested measures 4.4% in year one, and rental yield stands at 2.16% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 19.53% and total cumulative return in cash reaches $25,892. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $720/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58576, Underwood, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 365 (68.7%) |
| Renter Occupied HU | 61 (11.5%) |
| Vacant Housing Units | 105 (19.8%) |
| Median Home Value | $277,532 |
| Average Home Value | $473,212 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
48
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Listed by: KATHY M WAGNER • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4020347
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.