37 3rd Ave NWGarrisonND58540
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
Investment Highlights
Investment property for sale in Garrison at 37 3rd Ave NW, Garrison, ND, 58540 with 5% annual appreciation on a $150,000 basis while $1,277/mo rent supports operations. Total monthly income totals $1,277/mo and a $734/mo payment preserves $364/mo for cash returns. Annual cash flow comes to $4,371/yr on $49,725 deployed, and return on cash invested reaches 28.7% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 10.22%. Five-year ROI measures 149.92% and total cumulative return in cash totals $74,550.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,277/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
6,969 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: Lynne Reisenauer • KW Inspire Realty
Mls Name: Minot MLS
Mls ID: #251544