1107 Michigan AveTower CityND58071
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
Investment property for sale in Tower City at 1107 Michigan Ave, Tower City, ND, 58071 listed at $125,000 pairs $1,206/mo rent with a $612/mo payment to leave $445/mo cash flow. Total monthly income runs $1,206/mo, and annual cash flow reaches $5,340/yr on $41,438 cash to close. Return on cash invested measures 32.8% in year one, and rental yield registers 11.58% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 171.94% and total cumulative return in cash totals $71,249. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,206/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58071, Tower City, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 194 (100%) |
| Owner Occupied HU | 150 (77.3%) |
| Renter Occupied HU | 16 ( 8.2%) |
| Vacant Housing Units | 28 (14.4%) |
| Median Home Value | $338,710 |
| Average Home Value | $369,900 |
Housing Distribution
Address Breakdown
Residential
160
Single Family
145
Multi-Family
15
Businesses
14
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Listed by: Ross W Powell • Realty Xperts
Mls Name: Great North MLS
Mls ID: #4021537