Ashbury Plan, Rivers Edge 2nd AdditionHoraceND58047
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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 Horace at Ashbury Plan, Rivers Edge 2nd Addition, Horace, ND, 58047 offers $4,368/mo rent that, after a $3,328/mo payment, leaves $230/mo cash flow. Total monthly income is $4,368/mo, and annual cash flow is $2,757/yr on $223,687 cash. Return on cash invested measures 21.29% in year one, and rental yield stands at 7.71% at a $679,900 entry. Equity gained on principal adds $4,387/yr while 5% annual appreciation compounds into $187,844 by year five. Five-year ROI records 110.09% and total cumulative return in cash reaches $246,257. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,368/mo property income versus a $3,328/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A 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: N/A • Dabbert Custom Homes
Mls Name: Dabbert Custom Homes
Mls ID: #N/A