218 Oliver Ave NCenterND58530
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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
Rental property for sale in Center at 218 Oliver Ave N, Center, ND, 58530 offers $940/mo rent that, after a $1,101/mo payment. Total monthly income is $940/mo. Return on cash invested measures 13% in year one, and rental yield stands at 5.02% at a $224,900 entry. Equity gained on principal adds $1,451/yr while 5% annual appreciation compounds into $62,136 by year five. Five-year ROI records 65.67% and total cumulative return in cash reaches $48,961. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $940/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58530, Center, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 651 (100%) |
| Owner Occupied HU | 463 (71.1%) |
| Renter Occupied HU | 84 (12.9%) |
| Vacant Housing Units | 104 (16.0%) |
| Median Home Value | $256,105 |
| Average Home Value | $307,570 |
Housing Distribution
Address Breakdown
Residential
266
Single Family
266
Multi-Family
0
Businesses
46
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Listed by: Jessica M Anderson • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4021710