406 Main St SBowmanND58623
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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
Rental property for sale in Bowman at 406 Main St S, Bowman, ND, 58623 priced at $118,500 converts $0/mo rent into after a $580/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.12% in year one, and rental yield reads 0% against a $118,500 entry. Equity gained on principal adds $765/yr, while 5% annual appreciation compiles into $32,739 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $580/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A 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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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A