320 S 5th StWishekND58495
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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 Wishek at 320 S 5th St, Wishek, ND, 58495 generates $1,183/mo in rent and, after a $734/mo payment, leaves $270/mo in cash flow. Total monthly income is $1,183/mo, and annual cash flow is $3,243/yr on $49,725 invested. Return on cash invested sits at 26.43% in year one, and rental yield is 9.46% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 137.76% and total cumulative return in cash sums $68,502. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,183/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58495, Wishek, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 418 (59.9%) |
| Renter Occupied HU | 109 (15.6%) |
| Vacant Housing Units | 171 (24.5%) |
| Median Home Value | $117,778 |
| Average Home Value | $166,238 |
Housing Distribution
Address Breakdown
Residential
410
Single Family
377
Multi-Family
33
Businesses
80
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Listed by: Denise Rohweder • Northern Elements Real Estate
Mls Name: My State MLS
Mls ID: #11618715