402 3rd St SWBowmanND58623
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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 Bowman at 402 3rd St SW, Bowman, ND, 58623 with 5% annual appreciation on a $204,900 basis while $977/mo rent supports operations. 14% in year one. Equity gained on principal adds $1,322/yr, and five-year appreciation sums $56,610 alongside rental yield of 5.72%. Five-year ROI measures 77.11% and total cumulative return in cash totals $52,378. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $977/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58623, Bowman, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,166 (100%) |
| Owner Occupied HU | 696 (59.7%) |
| Renter Occupied HU | 223 (19.1%) |
| Vacant Housing Units | 247 (21.2%) |
| Median Home Value | $194,930 |
| Average Home Value | $254,404 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
572
Multi-Family
39
Businesses
148
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Listed by: Briana M Crook • The Real Estate Company
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-291
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.