94 6th St EHoraceND58047
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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
Investment property for sale in Horace at 94 6th St E, Horace, ND, 58047 uses $116,025 cash to close to unlock $9,911/yr annual cash flow and $826/mo monthly cash flow. Total monthly income runs $2,956/mo, and a $1,713/mo payment keeps the spread at $826/mo. Purchase price stands at $350,000, and rental yield measures 10.13% with $2,956/mo rent. Return on cash invested shows 28.45% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 148.5% and total cumulative return in cash records $172,298. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,956/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2021
6,969 sqft 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: Kyle Olson • KW Inspire Realty Keller Williams
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794449