118 2nd Ave ETurtle LakeND58575
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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 Turtle Lake at 118 2nd Ave E, Turtle Lake, ND, 58575 uses $41,438 cash to close to unlock $2,784/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $993/mo, and a $612/mo payment keeps the spread at $232/mo. Purchase price stands at $125,000, and rental yield measures 9.53% with $993/mo rent. Return on cash invested shows 26.63% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 138.87% and total cumulative return in cash records $57,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $993/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1916
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58575, Turtle Lake, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 775 (100%) |
| Owner Occupied HU | 351 (45.3%) |
| Renter Occupied HU | 62 ( 8.0%) |
| Vacant Housing Units | 362 (46.7%) |
| Median Home Value | $283,974 |
| Average Home Value | $371,681 |
Housing Distribution
Address Breakdown
Residential
249
Single Family
240
Multi-Family
9
Businesses
48
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Listed by: Trude Skalicky • Better Homes and Gardens Real Estate Watne Group
Mls Name: Minot MLS
Mls ID: #251817