120 2nd Ave NLidgerwoodND58075
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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 Lidgerwood at 120 2nd Ave N, Lidgerwood, ND, 58075 listed at $239,900 pairs $1,740/mo rent with a $1,174/mo payment to leave $280/mo cash flow. Total monthly income runs $1,740/mo, and annual cash flow reaches $3,361/yr on $79,527 cash to close. Return on cash invested measures 24.14% in year one, and rental yield registers 8.7% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 125.43% and total cumulative return in cash totals $99,751. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,740/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
8,184 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58075, Wahpeton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,267 (100%) |
| Owner Occupied HU | 2,312 (54.2%) |
| Renter Occupied HU | 1,495 (35.0%) |
| Vacant Housing Units | 460 (10.8%) |
| Median Home Value | $178,105 |
| Average Home Value | $223,671 |
Housing Distribution
Address Breakdown
Residential
3,992
Single Family
2,858
Multi-Family
1,134
Businesses
373
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Listed by: Bob Veland • CENTURY 21 Atwood-Wahpeton
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7000465