316 5th St NWahpetonND58075
Nearby investment properties with comparable rents
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
Rental property for sale in Wahpeton at 316 5th St N, Wahpeton, ND, 58075 generates $1,720/mo in rent and, after a $920/mo payment, leaves $576/mo in cash flow. Total monthly income is $1,720/mo, and annual cash flow is $6,913/yr on $62,289 invested. Return on cash invested sits at 31.01% in year one, and rental yield is 10.98% on a $187,900 entry. Equity gained on principal adds $1,212/yr, while 5% annual appreciation builds toward $51,913 over five years. Five-year ROI reaches 162.31% and total cumulative return in cash sums $101,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,720/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58075, Wahpeton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,267 (100%) |
| Owner Occupied HU | 2,312 (54.2%) |
| Renter Occupied HU | 1,495 (35.0%) |
| Vacant Housing Units | 460 (10.8%) |
| Median Home Value | $178,105 |
| Average Home Value | $223,671 |
Housing Distribution
Address Breakdown
Residential
3,992
Single Family
2,858
Multi-Family
1,134
Businesses
373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Perrine • James Patrick Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6811424