1204 3rd Ave NEBowmanND58623
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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 Bowman at 1204 3rd Ave NE, Bowman, ND, 58623 offers a 4.66% rental yield on a $450,000 purchase with $1,748/mo rent. 94% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 59.95% and total cumulative return in cash at $89,430. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,748/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
4.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58623, Bowman, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,166 (100%) |
| Owner Occupied HU | 696 (59.7%) |
| Renter Occupied HU | 223 (19.1%) |
| Vacant Housing Units | 247 (21.2%) |
| Median Home Value | $194,930 |
| Average Home Value | $254,404 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
572
Multi-Family
39
Businesses
148
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Listed by: Alison Pierce • Pifer's Auction & Realty
Mls Name: My State MLS
Mls ID: #11499886