224 2nd St NEMayvilleND58257
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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 Mayville at 224 2nd St NE, Mayville, ND, 58257 generates $780/mo in rent, after a $969/mo payment. Total monthly income is $780/mo. Return on cash invested sits at 12.14% in year one, and rental yield is 4.73% on a $198,000 entry. Equity gained on principal adds $1,278/yr, while 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 61.12% and total cumulative return in cash sums $40,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $780/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
N/A 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: Karla Thykeson • Viking Insurance & Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-994
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.