1509 Lake Elmo DrBillingsMT59105
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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 1509 Lake Elmo Dr, Billings, MT, 59105 uses $107,738 cash to close to unlock $759/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $1,963/mo, and a $1,591/mo payment keeps the spread at $63/mo. Purchase price stands at $325,000, and rental yield measures 7.25% with $1,963/mo rent. Return on cash invested shows 20.61% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 106.2% and total cumulative return in cash records $114,421. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,963/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.32 Acres lot
$N/A/sqft
No 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: Shonna Ruble • LPT Realty
Mls Name: BMTMLS
Mls Provider:
Mls ID: #345590
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.