Horace #984CRLHoraceND58047
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
Rental property for sale in Horace at Horace #984CRL, Horace, ND, 58047 priced at $328,100 converts $2,904/mo rent into $907/mo cash flow after a $1,606/mo obligation. Total monthly income equals $2,904/mo, and annual cash flow totals $10,884/yr on $108,765 invested. Return on cash invested prints 29.92% in year one, and rental yield reads 10.62% against a $328,100 entry. Equity gained on principal adds $2,117/yr, while 5% annual appreciation compiles into $90,648 by year five. Five-year ROI reaches 156.42% and total cumulative return in cash sums $170,126. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,904/mo property income covering a $1,606/mo payment, not borrower’s personal income.
Single Family
Built in 2023
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A