1324 5th AveWashburnND58577
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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 1324 5th Ave, Washburn, ND, 58577 listed at $140,000 pairs $1,022/mo rent with a $685/mo payment to leave $170/mo cash flow. Total monthly income runs $1,022/mo, and annual cash flow reaches $2,042/yr on $46,410 cash to close. Return on cash invested measures 24.31% in year one, and rental yield registers 8.76% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 126.41% and total cumulative return in cash totals $58,666. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,022/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
6,969 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: Makenna Leier • New Nest Realty, LLC
Mls Name: Great North MLS
Mls ID: #4018801
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.