226 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 226 8th Ave SE, Mayville, ND, 58257 offers a 2.12% rental yield on a $650,000 purchase with $1,151/mo rent. 32% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 19.1% and total cumulative return in cash at $40,838. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,151/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1976
0.63 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: #25-1667