934 4th Ave NNew RockfordND58356
Nearby investment properties with comparable rents
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
Investment property for sale in New Rockford at 934 4th Ave N, New Rockford, ND, 58356 uses $39,747 cash to close to unlock $1,897/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $888/mo, and a $587/mo payment keeps the spread at $158/mo. Purchase price stands at $119,900, and rental yield measures 8.89% with $888/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 128.43% and total cumulative return in cash records $51,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $888/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58356, New Rockford, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 549 (60.4%) |
| Renter Occupied HU | 184 (20.2%) |
| Vacant Housing Units | 176 (19.4%) |
| Median Home Value | $154,960 |
| Average Home Value | $205,378 |
Housing Distribution
Address Breakdown
Residential
794
Single Family
702
Multi-Family
92
Businesses
117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara Reese • Vorland Land Company
Mls Name: My State MLS
Mls ID: #11508554