1244 Avenue EBillingsMT59102
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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 Billings at 1244 Avenue E, Billings, MT, 59102 uses $99,119 cash to close to unlock $6,731/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $2,308/mo, and a $1,463/mo payment keeps the spread at $561/mo. Purchase price stands at $299,000, and rental yield measures 9.26% with $2,308/mo rent. Return on cash invested shows 26.7% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 138.79% and total cumulative return in cash records $137,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,308/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1951
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59102, Billings, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,242 (100%) |
| Owner Occupied HU | 14,223 (61.2%) |
| Renter Occupied HU | 7,768 (33.4%) |
| Vacant Housing Units | 1,251 ( 5.4%) |
| Median Home Value | $374,317 |
| Average Home Value | $453,598 |
Housing Distribution
Address Breakdown
Residential
21,644
Single Family
19,970
Multi-Family
1,674
Businesses
2,001
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Listed by: Michael Leo • Keller Williams Yellowstone Properties
Mls Name: BMTMLS
Mls Provider:
Mls ID: #349949
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.