18 Western AveGilbyND58235
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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 Gilby at 18 Western Ave, Gilby, ND, 58235 priced at $134,500 converts $1,336/mo rent into $518/mo cash flow after a $658/mo obligation. Total monthly income equals $1,336/mo, and annual cash flow totals $6,213/yr on $44,587 invested. Return on cash invested prints 33.84% in year one, and rental yield reads 11.92% against a $134,500 entry. Equity gained on principal adds $868/yr, while 5% annual appreciation compiles into $37,160 by year five. Five-year ROI reaches 177.44% and total cumulative return in cash sums $79,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,336/mo property income covering a $658/mo payment, not borrower’s personal income.
Single Family
Built in 1940
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58235, Gilby, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 178 (100%) |
| Owner Occupied HU | 127 (71.3%) |
| Renter Occupied HU | 29 (16.3%) |
| Vacant Housing Units | 22 (12.4%) |
| Median Home Value | $148,438 |
| Average Home Value | $211,358 |
Housing Distribution
Address Breakdown
Residential
76
Single Family
76
Multi-Family
0
Businesses
13
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Listed by: Mary Jaster • KW Inspire Realty Keller Williams
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1239
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.