130 6th Ave SEMayvilleND58257
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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 Mayville at 130 6th Ave SE, Mayville, ND, 58257 offers a 8.98% rental yield on a $250,000 purchase with $1,871/mo rent. Total monthly income registers $1,871/mo, and a $1,224/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,189/yr on $82,875 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 129.85% and total cumulative return in cash at $107,614. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,871/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58257, Mayville, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 520 (51.1%) |
| Renter Occupied HU | 335 (32.9%) |
| Vacant Housing Units | 162 (15.9%) |
| Median Home Value | $220,779 |
| Average Home Value | $248,596 |
Housing Distribution
Address Breakdown
Residential
973
Single Family
777
Multi-Family
196
Businesses
98
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Listed by: Meghan Hovde • Valley Land Investments
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-647
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.