1207 Harney DrBillingsMT59101
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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 Billings at 1207 Harney Dr, Billings, MT, 59101 priced at $255,000 converts $1,817/mo rent into $311/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,817/mo, and annual cash flow totals $3,730/yr on $84,533 invested. Return on cash invested prints 24.32% in year one, and rental yield reads 8.55% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 126.14% and total cumulative return in cash sums $106,628. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,817/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1959
6,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59101, Billings, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,415 (100%) |
| Owner Occupied HU | 10,461 (53.9%) |
| Renter Occupied HU | 7,557 (38.9%) |
| Vacant Housing Units | 1,397 ( 7.2%) |
| Median Home Value | $368,897 |
| Average Home Value | $424,860 |
Housing Distribution
Address Breakdown
Residential
18,485
Single Family
17,553
Multi-Family
932
Businesses
2,408
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Listed by: Randy Peers • RE/MAX Central
Mls Name: BMTMLS
Mls Provider:
Mls ID: #352231
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.