126 3rd Ave SWahpetonND58075
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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 Wahpeton at 126 3rd Ave S, Wahpeton, ND, 58075 priced at $279,900 converts $1,740/mo rent into $36/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,740/mo, and annual cash flow totals $437/yr on $92,787 invested. Return on cash invested prints 20.38% in year one, and rental yield reads 7.46% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 105.26% and total cumulative return in cash sums $97,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58075, Wahpeton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,267 (100%) |
| Owner Occupied HU | 2,312 (54.2%) |
| Renter Occupied HU | 1,495 (35.0%) |
| Vacant Housing Units | 460 (10.8%) |
| Median Home Value | $178,105 |
| Average Home Value | $223,671 |
Housing Distribution
Address Breakdown
Residential
3,992
Single Family
2,858
Multi-Family
1,134
Businesses
373
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Listed by: April M Strandberg • eXp Realty
Mls Name: Great North MLS
Mls ID: #4018650
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.