3324 58th AveNew SalemND58563
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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 New Salem at 3324 58th Ave, New Salem, ND, 58563 earns $1,539/mo cash flow from $4,552/mo rent with a $2,423/mo payment. Total monthly income totals $4,552/mo, and annual cash flow totals $18,469/yr on $164,093 capital. ROI tracks 31.16% on current figures, and rental yield reads 11.04% at a $495,000 purchase. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,759 over five years. Five-year ROI reaches 163.08% and total cumulative return in cash sums $267,610. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,552/mo property income instead of your personal income.
Single Family
Built in 2015
16.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58563, New Salem, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 962 (100%) |
| Owner Occupied HU | 688 (71.5%) |
| Renter Occupied HU | 110 (11.4%) |
| Vacant Housing Units | 164 (17.0%) |
| Median Home Value | $226,768 |
| Average Home Value | $288,899 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
625
Multi-Family
41
Businesses
58
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No similar rental properties found nearby.
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Listed by: Kaitlin A Diede • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022550