408 2nd Ave NGlenburnND58740
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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 Glenburn at 408 2nd Ave N, Glenburn, ND, 58740 listed at $254,000 pairs $1,722/mo rent with a $1,243/mo payment to leave $176/mo cash flow. Total monthly income runs $1,722/mo, and annual cash flow reaches $2,116/yr on $84,201 cash to close. Return on cash invested measures 22.42% in year one, and rental yield registers 8.14% at a $254,000 basis. Equity gained on principal adds $1,639/yr, and annual property appreciation at 5% supports $70,176 by year five. Five-year ROI tracks 116.21% and total cumulative return in cash totals $97,854. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,722/mo property income relative to a $1,243/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2015
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58740, Glenburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 272 (68.0%) |
| Renter Occupied HU | 54 (13.5%) |
| Vacant Housing Units | 74 (18.5%) |
| Median Home Value | $220,313 |
| Average Home Value | $239,972 |
Housing Distribution
Address Breakdown
Residential
258
Single Family
258
Multi-Family
0
Businesses
21
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Listed by: Greg Wiles • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250866
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