15053 10th St NEMayvilleND58257
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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
Rental property for sale in Mayville at 15053 10th St NE, Mayville, ND, 58257 generates $2,508/mo in rent and, after a $1,708/mo payment, leaves $384/mo in cash flow. Total monthly income is $2,508/mo, and annual cash flow is $4,609/yr on $115,694 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 8.62% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 124.11% and total cumulative return in cash sums $143,592. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,508/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
2.21 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: Karla Thykeson • Viking Insurance & Realty
Mls Name: GFBMLS
Mls ID: #25-1226