1237 Riverside LnWashburnND58577
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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 Washburn at 1237 Riverside Ln, Washburn, ND, 58577 projects strong ROI of 1.66%. Rental yield 1.24%. With 5% annual appreciation, the property builds $939,357 in value over five years. Equity growth combined delivers a projected five-year ROI of 4.74%, translating into $52,190 in total cumulative return on $1,101,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2018
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58577, Washburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 673 (68.7%) |
| Renter Occupied HU | 135 (13.8%) |
| Vacant Housing Units | 172 (17.6%) |
| Median Home Value | $255,099 |
| Average Home Value | $287,819 |
Housing Distribution
Address Breakdown
Residential
618
Single Family
562
Multi-Family
56
Businesses
85
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Listed by: N/A • N/A
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