111 2nd Ave NESurreyND58785
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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
Investment property for sale in Surrey at 111 2nd Ave NE, Surrey, ND, 58785 offers a 9.25% rental yield on a $134,900 purchase with $1,040/mo rent. Total monthly income registers $1,040/mo, and a $660/mo payment leaves $219/mo available for distribution. Annual cash flow reaches $2,631/yr on $44,719 to close, and return on cash invested stands at 25.79% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 134.32% and total cumulative return in cash at $60,065. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,040/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58785, Surrey, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 479 (82.4%) |
| Renter Occupied HU | 53 ( 9.1%) |
| Vacant Housing Units | 49 ( 8.4%) |
| Median Home Value | $324,408 |
| Average Home Value | $328,450 |
Housing Distribution
Address Breakdown
Residential
369
Single Family
369
Multi-Family
0
Businesses
17
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Listed by: MEHGAN KRUEGER • KW Inspire Realty
Mls Name: Minot MLS
Mls ID: #251777