221 8th Ave SEMayvilleND58257
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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 Mayville at 221 8th Ave SE, Mayville, ND, 58257 listed at $1,025,000 pairs $1,164/mo rent with a $5,017/mo payment. Total monthly income runs $1,164/mo. Return on cash invested measures 2.03% in year one, and rental yield registers 1.36% at a $1,025,000 basis. Equity gained on principal adds $6,614/yr, and annual property appreciation at 5% supports $283,189 by year five. Five-year ROI tracks 6.76% and total cumulative return in cash totals $22,444. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,164/mo property income relative to a $5,017/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1977
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58257, Mayville, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 520 (51.1%) |
| Renter Occupied HU | 335 (32.9%) |
| Vacant Housing Units | 162 (15.9%) |
| Median Home Value | $220,779 |
| Average Home Value | $248,596 |
Housing Distribution
Address Breakdown
Residential
973
Single Family
777
Multi-Family
196
Businesses
98
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Listed by: Chelsie Kuhn • Dakota Commercial
Mls Name: GFBMLS
Mls ID: #25-1670