116 1st 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 116 1st Ave NE, Surrey, ND, 58785 listed at $119,900 pairs $872/mo rent with a $587/mo payment to leave $142/mo cash flow. Total monthly income runs $872/mo, and annual cash flow reaches $1,705/yr on $39,747 cash to close. Return on cash invested measures 24.2% in year one, and rental yield registers 8.73% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 125.87% and total cumulative return in cash totals $50,028. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $872/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
6,969 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: David Pellenwessel • Preferred Partners Real Estate
Mls Name: Minot MLS
Mls ID: #251763