318 N Torning StTiogaND58852
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 Tioga at 318 N Torning St, Tioga, ND, 58852 priced at $245,000 converts $1,731/mo rent into $240/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,731/mo, and annual cash flow totals $2,880/yr on $81,218 invested. Return on cash invested prints 23.46% in year one, and rental yield reads 8.48% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 121.78% and total cumulative return in cash sums $98,904. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,731/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1955
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58852, Tioga, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 614 (38.5%) |
| Renter Occupied HU | 573 (35.9%) |
| Vacant Housing Units | 409 (25.6%) |
| Median Home Value | $217,308 |
| Average Home Value | $267,154 |
Housing Distribution
Address Breakdown
Residential
575
Single Family
439
Multi-Family
136
Businesses
151
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Listed by: Tiffanie Finstrom • Real
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250607
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