379 Broadway StPalermoND58769
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 4 Bed
- 3 Bath
- 2128 sft
- 2 Bed
- 1 Bath
- 1664 sft
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
Rental property for sale in Palermo at 379 Broadway St, Palermo, ND, 58769 generates $1,270/mo in rent, after a $1,023/mo payment. Total monthly income is $1,270/mo. Return on cash invested sits at 19.87% in year one, and rental yield is 7.29% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 102.49% and total cumulative return in cash sums $71,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,270/mo property income rather than buyer’s personal income.
Manufactured
Built in 2012
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58769, Palermo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 168 (100%) |
| Owner Occupied HU | 98 (58.3%) |
| Renter Occupied HU | 26 (15.5%) |
| Vacant Housing Units | 44 (26.2%) |
| Median Home Value | $258,696 |
| Average Home Value | $260,255 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
138
Multi-Family
0
Businesses
3
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 4 Bed
- 3 Bath
- 2128 sft
- 2 Bed
- 1 Bath
- 1664 sft
Listed by: Tim Knutson • eXp Realty
Mls Name: Minot MLS
Mls ID: #251753