118 2nd Ave WTurtle 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
Rental property for sale in Turtle Lake at 118 2nd Ave W, Turtle Lake, ND, 58575 generates $992/mo in rent and, after a $612/mo payment, leaves $231/mo in cash flow. Total monthly income is $992/mo, and annual cash flow is $2,772/yr on $41,438 invested. Return on cash invested sits at 26.6% in year one, and rental yield is 9.52% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 138.73% and total cumulative return in cash sums $57,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $992/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
10,454 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: KAMIE ENSZ • Better Homes and Gardens Real Estate Alliance Group
Mls Name: Great North MLS
Mls ID: #4022822