317 2nd AveBurlingtonND58722
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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 Burlington at 317 2nd Ave, Burlington, ND, 58722 earns $192/mo cash flow from $1,714/mo rent with a $1,224/mo payment. Total monthly income totals $1,714/mo, and annual cash flow totals $2,305/yr on $82,875 capital. ROI tracks 22.69% on current figures, and rental yield reads 8.23% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 117.67% and total cumulative return in cash sums $97,522. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,714/mo property income instead of your personal income.
Single Family
Built in 1966
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58722, Burlington, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 780 (100%) |
| Owner Occupied HU | 525 (67.3%) |
| Renter Occupied HU | 163 (20.9%) |
| Vacant Housing Units | 92 (11.8%) |
| Median Home Value | $237,987 |
| Average Home Value | $300,148 |
Housing Distribution
Address Breakdown
Residential
631
Single Family
585
Multi-Family
46
Businesses
51
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Listed by: Alexa vonGoltz • Realty ONE Group Magnum
Mls Name: Minot MLS
Mls ID: #251385