347 8th St NEGarrisonND58540
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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 Garrison at 347 8th St NE, Garrison, ND, 58540 uses $86,190 cash to close to unlock $3,374/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,864/mo, and a $1,273/mo payment keeps the spread at $281/mo. Purchase price stands at $260,000, and rental yield measures 8.6% with $1,864/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash records $106,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,864/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1980
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58540, Garrison, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,617 (100%) |
| Owner Occupied HU | 970 (60.0%) |
| Renter Occupied HU | 222 (13.7%) |
| Vacant Housing Units | 425 (26.3%) |
| Median Home Value | $305,405 |
| Average Home Value | $318,773 |
Housing Distribution
Address Breakdown
Residential
887
Single Family
852
Multi-Family
35
Businesses
131
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Listed by: KERRI ZABLOTNEY • SIGNAL REALTY
Mls Name: Minot MLS
Mls Provider:
Mls ID: #251039
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