112 1st Ave SWBowmanND58623
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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 Bowman at 112 1st Ave SW, Bowman, ND, 58623 priced at $138,600 converts $1,751/mo rent into $908/mo cash flow after a $678/mo obligation. Total monthly income equals $1,751/mo, and annual cash flow totals $10,894/yr on $45,946 invested. Return on cash invested prints 43.62% in year one, and rental yield reads 15.16% against a $138,600 entry. Equity gained on principal adds $894/yr, while 5% annual appreciation compiles into $38,293 by year five. Five-year ROI reaches 229.84% and total cumulative return in cash sums $105,603. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,751/mo property income covering a $678/mo payment, not borrower’s personal income.
Single Family
Built in 1907
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58623, Bowman, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,166 (100%) |
| Owner Occupied HU | 696 (59.7%) |
| Renter Occupied HU | 223 (19.1%) |
| Vacant Housing Units | 247 (21.2%) |
| Median Home Value | $194,930 |
| Average Home Value | $254,404 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
572
Multi-Family
39
Businesses
148
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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