407 Main StMaxND58759
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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 Max at 407 Main St, Max, ND, 58759 listed at $224,900 pairs $1,561/mo rent with a $1,101/mo payment to leave $192/mo cash flow. Total monthly income runs $1,561/mo, and annual cash flow reaches $2,304/yr on $74,554 cash to close. Return on cash invested measures 23% in year one, and rental yield registers 8.33% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 119.27% and total cumulative return in cash totals $88,921. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,561/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58759, Max, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 356 (100%) |
| Owner Occupied HU | 248 (69.7%) |
| Renter Occupied HU | 32 ( 9.0%) |
| Vacant Housing Units | 76 (21.3%) |
| Median Home Value | $290,476 |
| Average Home Value | $306,593 |
Housing Distribution
Address Breakdown
Residential
215
Single Family
215
Multi-Family
0
Businesses
27
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Listed by: MARY R SHELKEY • HOMETOWN REALTY
Mls Name: Great North MLS
Mls ID: #4023478