1860 Songbird DrBillingsMT59101
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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 Billings at 1860 Songbird Dr, Billings, MT, 59101 generates $2,880/mo in rent and, after a $1,953/mo payment, leaves $373/mo in cash flow. Total monthly income is $2,880/mo, and annual cash flow is $4,475/yr on $132,269 invested. Return on cash invested sits at 23.29% in year one, and rental yield is 8.66% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 121.1% and total cumulative return in cash sums $160,178. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Townhouse
Built in 2016
1,450 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59101, Billings, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,415 (100%) |
| Owner Occupied HU | 10,461 (53.9%) |
| Renter Occupied HU | 7,557 (38.9%) |
| Vacant Housing Units | 1,397 ( 7.2%) |
| Median Home Value | $368,897 |
| Average Home Value | $424,860 |
Housing Distribution
Address Breakdown
Residential
18,485
Single Family
17,553
Multi-Family
932
Businesses
2,408
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Listed by: Tim Mascarena • Metro, REALTORS L.L.P
Mls Name: BMTMLS
Mls Provider:
Mls ID: #351899
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.