306 5th AveWashburnND58577
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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 306 5th Ave, Washburn, ND, 58577 generates $1,980/mo in rent and, after a $1,199/mo payment, leaves $489/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $5,868/yr on $81,218 invested. Return on cash invested sits at 27.13% in year one, and rental yield is 9.7% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 141.5% and total cumulative return in cash sums $114,924. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.30 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: Dot Frank • Better Homes and Gardens Real Estate Alliance Group
Mls Name: Great North MLS
Mls ID: #4021965