292 21st Ave NWWashburnND58577
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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 Washburn at 292 21st Ave NW, Washburn, ND, 58577 generates $1,139/mo in rent, after a $1,468/mo payment. Total monthly income is $1,139/mo. Return on cash invested sits at 11.63% in year one, and rental yield is 4.56% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 58.3% and total cumulative return in cash sums $57,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,139/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
4.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58577, Washburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 673 (68.7%) |
| Renter Occupied HU | 135 (13.8%) |
| Vacant Housing Units | 172 (17.6%) |
| Median Home Value | $255,099 |
| Average Home Value | $287,819 |
Housing Distribution
Address Breakdown
Residential
618
Single Family
562
Multi-Family
56
Businesses
85
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Listed by: Landon J Fischer • BIANCO REALTY, INC.
Mls Name: Great North MLS
Mls ID: #4020110