307 3rd Ave NGlenburnND58740
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Nearby investment properties with comparable prices
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 Glenburn at 307 3rd Ave N, Glenburn, ND, 58740 listed at $109,900 pairs $875/mo rent with a $538/mo payment to leave $206/mo cash flow. Total monthly income runs $875/mo, and annual cash flow reaches $2,472/yr on $36,432 cash to close. Return on cash invested measures 26.7% in year one, and rental yield registers 9.55% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 139.24% and total cumulative return in cash totals $50,728. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $875/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58740, Glenburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 272 (68.0%) |
| Renter Occupied HU | 54 (13.5%) |
| Vacant Housing Units | 74 (18.5%) |
| Median Home Value | $220,313 |
| Average Home Value | $239,972 |
Housing Distribution
Address Breakdown
Residential
258
Single Family
258
Multi-Family
0
Businesses
21
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Listed by: MIKE PELLENWESSEL • Preferred Partners Real Estate
Mls Name: Minot MLS
Mls ID: #251697