13 Garden DrWashburnND58577
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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 13 Garden Dr, Washburn, ND, 58577 uses $53,007 cash to close to unlock $3,101/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $1,232/mo, and a $783/mo payment keeps the spread at $258/mo. Purchase price stands at $159,900, and rental yield measures 9.25% with $1,232/mo rent. Return on cash invested shows 25.76% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 134.15% and total cumulative return in cash records $71,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,232/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 2012
8,276 sqft 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: Carter P Berger • Realty One Group - Encore
Mls Name: Great North MLS
Mls ID: #4022849