3075 16th St NEManvelND58256
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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 Manvel at 3075 16th St NE, Manvel, ND, 58256 generates $1,475/mo in rent and, after a $1,170/mo payment, leaves $20/mo in cash flow. Total monthly income is $1,475/mo, and annual cash flow is $242/yr on $79,229 invested. Return on cash invested sits at 20.21% in year one, and rental yield is 7.41% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 104.4% and total cumulative return in cash sums $82,716. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,475/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
3.99 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58256, Manvel, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 318 (85.7%) |
| Renter Occupied HU | 32 ( 8.6%) |
| Vacant Housing Units | 21 ( 5.7%) |
| Median Home Value | $227,612 |
| Average Home Value | $252,484 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
283
Multi-Family
0
Businesses
26
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Listed by: Alana Erickson • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-349
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.