308 2nd Ave NEAshleyND58413
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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 Ashley at 308 2nd Ave NE, Ashley, ND, 58413 uses $66,300 cash to close to unlock $1,508/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $1,343/mo, and a $979/mo payment keeps the spread at $126/mo. Purchase price stands at $200,000, and rental yield measures 8.06% with $1,343/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 114.93% and total cumulative return in cash records $76,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,343/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1974
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58413, Ashley, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 757 (100%) |
| Owner Occupied HU | 400 (52.8%) |
| Renter Occupied HU | 96 (12.7%) |
| Vacant Housing Units | 261 (34.5%) |
| Median Home Value | $77,000 |
| Average Home Value | $141,619 |
Housing Distribution
Address Breakdown
Residential
371
Single Family
351
Multi-Family
20
Businesses
81
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Listed by: Maggie Newhouse • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4021093