1608 1st Ave EDickinsonND58601
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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 Dickinson at 1608 1st Ave E, Dickinson, ND, 58601 generates $3,271/mo in rent and, after a $1,605/mo payment, leaves $1,275/mo in cash flow. Total monthly income is $3,271/mo, and annual cash flow is $15,303/yr on $108,699 invested. Return on cash invested sits at 33.99% in year one, and rental yield is 11.97% on a $327,900 entry. Equity gained on principal adds $2,116/yr, while 5% annual appreciation builds toward $90,593 over five years. Five-year ROI reaches 178.23% and total cumulative return in cash sums $193,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,271/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58601, Dickinson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,995 (100%) |
| Owner Occupied HU | 7,325 (52.3%) |
| Renter Occupied HU | 4,954 (35.4%) |
| Vacant Housing Units | 1,716 (12.3%) |
| Median Home Value | $293,951 |
| Average Home Value | $334,503 |
Housing Distribution
Address Breakdown
Residential
13,405
Single Family
10,987
Multi-Family
2,418
Businesses
1,060
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Listed by: Olivia (Liv) Wellenstein • Continental Real Estate, Inc.
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-145
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.