10800 167th St SEVelvaND58790
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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 10800 167th St SE, Velva, ND, 58790 generates $2,302/mo in rent, after a $1,933/mo payment. Total monthly income is $2,302/mo. Return on cash invested sits at 18.98% in year one, and rental yield is 6.99% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 97.73% and total cumulative return in cash sums $127,974. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,302/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58790, Velva, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 508 (73.4%) |
| Renter Occupied HU | 106 (15.3%) |
| Vacant Housing Units | 78 (11.3%) |
| Median Home Value | $248,734 |
| Average Home Value | $295,625 |
Housing Distribution
Address Breakdown
Residential
464
Single Family
412
Multi-Family
52
Businesses
59
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Listed by: BRAD BEETER • Preferred Partners Real Estate
Mls Name: Minot MLS
Mls ID: #251437