131 8th Ave SE APT 7MayvilleND58257
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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 131 8th Ave SE APT 7, Mayville, ND, 58257 offers a 9.37% rental yield on a $124,900 purchase with $975/mo rent. Total monthly income registers $975/mo, and a $611/mo payment leaves $215/mo available for distribution. Annual cash flow reaches $2,582/yr on $41,404 to close, and return on cash invested stands at 26.14% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 136.24% and total cumulative return in cash at $56,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $975/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
0.70 Acres 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: Kailer K Riedman • Beyond Realty, Inc
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-186
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.