211 Railroad StGarrisonND58540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Garrison at 211 Railroad St, Garrison, ND, 58540 uses $37,294 cash to close to unlock $2,327/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $879/mo, and a $551/mo payment keeps the spread at $194/mo. Purchase price stands at $112,500, and rental yield measures 9.38% with $879/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $31,082 over five years. Five-year ROI reaches 136.22% and total cumulative return in cash records $50,800. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $879/mo property income covering a $551/mo payment rather than investor’s personal income.
Manufactured
Built in 2013
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58540, Garrison, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,617 (100%) |
| Owner Occupied HU | 970 (60.0%) |
| Renter Occupied HU | 222 (13.7%) |
| Vacant Housing Units | 425 (26.3%) |
| Median Home Value | $305,405 |
| Average Home Value | $318,773 |
Housing Distribution
Address Breakdown
Residential
887
Single Family
852
Multi-Family
35
Businesses
131
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MICHAEL MATTESON • West Inkster Realty
Mls Name: Minot MLS
Mls ID: #260009