114 7th Ave SEMayvilleND58257
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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 Mayville at 114 7th Ave SE, Mayville, ND, 58257 uses $89,339 cash to close to unlock $6,814/yr annual cash flow and $568/mo monthly cash flow. Total monthly income runs $2,208/mo, and a $1,319/mo payment keeps the spread at $568/mo. Purchase price stands at $269,500, and rental yield measures 9.83% with $2,208/mo rent. Return on cash invested shows 27.54% in year one, and 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 143.6% and total cumulative return in cash records $128,292. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,208/mo property income covering a $1,319/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58257, Mayville, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 520 (51.1%) |
| Renter Occupied HU | 335 (32.9%) |
| Vacant Housing Units | 162 (15.9%) |
| Median Home Value | $220,779 |
| Average Home Value | $248,596 |
Housing Distribution
Address Breakdown
Residential
973
Single Family
777
Multi-Family
196
Businesses
98
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Listed by: Jack Wadhawan • Crary Real Estate
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-351
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.