1320 Mineral Pl APT 9BillingsMT59105
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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 Billings at 1320 Mineral Pl APT 9, Billings, MT, 59105 offers a 8.32% rental yield on a $206,000 purchase with $1,429/mo rent. Total monthly income registers $1,429/mo, and a $1,008/mo payment leaves $65/mo available for distribution. Annual cash flow reaches $784/yr on $68,289 to close, and return on cash invested stands at 21.06% in year one. Equity gained on principal adds $1,329/yr while 5% annual appreciation supports $56,914 over five years. Portfolio math shows five-year ROI at 109.61% and total cumulative return in cash at $74,852. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,429/mo property income against a $1,008/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59105, Billings, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,483 (100%) |
| Owner Occupied HU | 9,860 (68.1%) |
| Renter Occupied HU | 3,815 (26.3%) |
| Vacant Housing Units | 808 ( 5.6%) |
| Median Home Value | $374,775 |
| Average Home Value | $409,000 |
Housing Distribution
Address Breakdown
Residential
13,800
Single Family
13,406
Multi-Family
394
Businesses
770
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Listed by: Maya Burton • Berkshire Hathaway HS Floberg
Mls Name: BMTMLS
Mls Provider:
Mls ID: #351753
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.