218 3rd Ave SWJamestownND58401
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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 Jamestown at 218 3rd Ave SW, Jamestown, ND, 58401 uses $45,416 cash to close to unlock $13,029/yr annual cash flow and $1,086/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $671/mo payment keeps the spread at $1,086/mo. Purchase price stands at $137,000, and rental yield measures 16.82% with $1,920/mo rent. Return on cash invested shows 48.6% in year one, and 5% annual appreciation builds toward $37,851 over five years. Five-year ROI reaches 256.57% and total cumulative return in cash records $116,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $671/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58401, Jamestown, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,804 (100%) |
| Owner Occupied HU | 4,829 (54.9%) |
| Renter Occupied HU | 2,943 (33.4%) |
| Vacant Housing Units | 1,032 (11.7%) |
| Median Home Value | $213,110 |
| Average Home Value | $239,046 |
Housing Distribution
Address Breakdown
Residential
8,180
Single Family
6,198
Multi-Family
1,982
Businesses
624
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Listed by: Jen Dockter • BluFrog Realty Inc
Mls Name: Great North MLS
Mls ID: #4022198