1249 Lake RdWillow CityND58318
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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 Willow City at 1249 Lake Rd, Willow City, ND, 58318 offers a 8.09% rental yield on a $375,000 purchase with $2,527/mo rent. Total monthly income registers $2,527/mo, and a $1,835/mo payment leaves $245/mo available for distribution. Annual cash flow reaches $2,941/yr on $124,313 to close, and return on cash invested stands at 22.28% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 115.42% and total cumulative return in cash at $143,487. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,527/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58318, Bottineau, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,534 (100%) |
| Owner Occupied HU | 1,268 (50.0%) |
| Renter Occupied HU | 397 (15.7%) |
| Vacant Housing Units | 869 (34.3%) |
| Median Home Value | $262,000 |
| Average Home Value | $332,979 |
Housing Distribution
Address Breakdown
Residential
1,869
Single Family
1,747
Multi-Family
122
Businesses
262
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Listed by: Nate Simpson • Preferred Partners Real Estate
Mls Name: Minot MLS
Mls ID: #251361