102 5th Ave SEVelvaND58788
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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 Velva at 102 5th Ave SE, Velva, ND, 58788 generates $1,272/mo in rent and, after a $771/mo payment, leaves $313/mo in cash flow. Total monthly income is $1,272/mo, and annual cash flow is $3,760/yr on $52,211 invested. Return on cash invested sits at 27.11% in year one, and rental yield is 9.69% on a $157,500 entry. Equity gained on principal adds $1,016/yr, while 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 141.41% and total cumulative return in cash sums $73,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,272/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58788, Towner, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 619 (100%) |
| Owner Occupied HU | 391 (63.2%) |
| Renter Occupied HU | 77 (12.4%) |
| Vacant Housing Units | 151 (24.4%) |
| Median Home Value | $126,172 |
| Average Home Value | $172,986 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
59
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Listed by: Tanner Schock • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #251042
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