301 Iowa AveMottND58646
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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 Mott at 301 Iowa Ave, Mott, ND, 58646 offers a 9.29% rental yield on a $199,900 purchase with $1,548/mo rent. Total monthly income registers $1,548/mo, and a $978/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,981/yr on $66,267 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 134.91% and total cumulative return in cash at $89,401. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,548/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1913
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58646, Mott, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 420 (60.5%) |
| Renter Occupied HU | 88 (12.7%) |
| Vacant Housing Units | 186 (26.8%) |
| Median Home Value | $122,222 |
| Average Home Value | $172,702 |
Housing Distribution
Address Breakdown
Residential
430
Single Family
413
Multi-Family
17
Businesses
63
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