216 2nd Ave NGlenburnND58740
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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 Glenburn at 216 2nd Ave N, Glenburn, ND, 58740 earns $588/mo cash flow from $1,738/mo rent with a $925/mo payment. Total monthly income totals $1,738/mo, and annual cash flow totals $7,053/yr on $62,654 capital. ROI tracks 31.17% on current figures, and rental yield reads 11.03% at a $189,000 purchase. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 over five years. Five-year ROI reaches 163.08% and total cumulative return in cash sums $102,178. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,738/mo property income instead of your personal income.
Single Family
Built in 1920
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58740, Glenburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 272 (68.0%) |
| Renter Occupied HU | 54 (13.5%) |
| Vacant Housing Units | 74 (18.5%) |
| Median Home Value | $220,313 |
| Average Home Value | $239,972 |
Housing Distribution
Address Breakdown
Residential
258
Single Family
258
Multi-Family
0
Businesses
21
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Listed by: Cindi Strandberg • Coldwell Banker 1st Minot Realty
Mls Name: Minot MLS
Mls ID: #251895