204 3rd St NWGwinnerND58040
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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
Total monthly income runs $900/mo, and a $1,860/mo payment. Purchase price stands at $380,000, and rental yield measures 2.84% with $900/mo rent. Return on cash invested shows 6.45% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 30.56% and total cumulative return in cash records $38,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $900/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58040, Gwinner, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 532 (100%) |
| Owner Occupied HU | 320 (60.2%) |
| Renter Occupied HU | 159 (29.9%) |
| Vacant Housing Units | 53 ( 10.0%) |
| Median Home Value | $210,870 |
| Average Home Value | $212,414 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
218
Multi-Family
89
Businesses
40
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Listed by: Wes Well • RE/MAX Advantage
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6780085