201 4th St WVelvaND58790
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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 Velva at 201 4th St W, Velva, ND, 58790 offers a 10.64% rental yield on a $186,500 purchase with $1,654/mo rent. Total monthly income registers $1,654/mo, and a $913/mo payment leaves $519/mo available for distribution. Annual cash flow reaches $6,225/yr on $61,825 to close, and return on cash invested stands at 29.98% in year one. Equity gained on principal adds $1,203/yr while 5% annual appreciation supports $51,527 over five years. Portfolio math shows five-year ROI at 156.72% and total cumulative return in cash at $96,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,654/mo property income against a $913/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58790, Velva, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 508 (73.4%) |
| Renter Occupied HU | 106 (15.3%) |
| Vacant Housing Units | 78 (11.3%) |
| Median Home Value | $248,734 |
| Average Home Value | $295,625 |
Housing Distribution
Address Breakdown
Residential
464
Single Family
412
Multi-Family
52
Businesses
59
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Listed by: Amy Rogers • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251213