331 N Higgins Ave #BMissoulaMT59802
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 331 N Higgins Ave #B, Missoula, MT, 59802 in Missoula is capital appreciation. Rental yield 3%. The 3% gross yield at $749,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $206,935 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.56) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $109,740.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3% | 5.2% |
| Monthly Cash Flow | $(2,704) | $1,250 |
City averages based on Missoula market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,873 |
| Total Monthly Debt Service | $4,280 |
| DSCR Ratio | 0.44x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1910
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59802, Missoula, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,796 (100%) |
| Owner Occupied HU | 4,887 (45.3%) |
| Renter Occupied HU | 5,443 (50.4%) |
| Vacant Housing Units | 466 ( 4.3%) |
| Median Home Value | $530,949 |
| Average Home Value | $570,590 |
Housing Distribution
Address Breakdown
Residential
9,870
Single Family
8,932
Multi-Family
938
Businesses
960
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
Condo
Built in 1910
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59802, Missoula, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,796 (100%) |
| Owner Occupied HU | 4,887 (45.3%) |
| Renter Occupied HU | 5,443 (50.4%) |
| Vacant Housing Units | 466 ( 4.3%) |
| Median Home Value | $530,949 |
| Average Home Value | $570,590 |
Housing Distribution
Address Breakdown
Residential
9,870
Single Family
8,932
Multi-Family
938
Businesses
960
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dawn Maddux • Engel & Vlkers Western Frontier - Missoula
Mls Name: MRMLS
Mls Provider:
Mls ID: #30033909
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.