408 Center Ave NAshleyND58413
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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 Ashley at 408 Center Ave N, Ashley, ND, 58413 generates $1,445/mo in rent and, after a $1,027/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,445/mo, and annual cash flow is $2,014/yr on $69,582 invested. Return on cash invested sits at 22.8% in year one, and rental yield is 8.26% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 118.23% and total cumulative return in cash sums $82,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,445/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58413, Ashley, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 757 (100%) |
| Owner Occupied HU | 400 (52.8%) |
| Renter Occupied HU | 96 (12.7%) |
| Vacant Housing Units | 261 (34.5%) |
| Median Home Value | $77,000 |
| Average Home Value | $141,619 |
Housing Distribution
Address Breakdown
Residential
371
Single Family
351
Multi-Family
20
Businesses
81
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Listed by: LORI BECKER • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4021725