1134/1136 N 23rd StBillingsMT59101
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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 Billings at 1134/1136 N 23rd St, Billings, MT, 59101 uses $94,478 cash to close to unlock $6,807/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $2,233/mo, and a $1,395/mo payment keeps the spread at $567/mo. Purchase price stands at $285,000, and rental yield measures 9.4% with $2,233/mo rent. Return on cash invested shows 27.11% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 141.06% and total cumulative return in cash records $133,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,233/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Multi Family
Built in 1946
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59101, Billings, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,415 (100%) |
| Owner Occupied HU | 10,461 (53.9%) |
| Renter Occupied HU | 7,557 (38.9%) |
| Vacant Housing Units | 1,397 ( 7.2%) |
| Median Home Value | $368,897 |
| Average Home Value | $424,860 |
Housing Distribution
Address Breakdown
Residential
18,485
Single Family
17,553
Multi-Family
932
Businesses
2,408
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Listed by: Pat Schindele • Keller Williams Yellowstone Properties
Mls Name: BMTMLS
Mls Provider:
Mls ID: #353136
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.