341 Ida 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 341 Ida Ave, Burlington, ND, 58722 with 5% annual appreciation on a $274,900 basis while $1,486/mo rent supports operations. 45% in year one. Equity gained on principal adds $1,774/yr, and five-year appreciation sums $75,950 alongside rental yield of 6.49%. Five-year ROI measures 89.56% and total cumulative return in cash totals $81,615. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,486/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1931
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: Alexis Kage • Global Real Estate
Mls Name: Minot MLS
Mls ID: #251021