413 1st Ave SEAshleyND58413
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ashley at 413 1st Ave SE, Ashley, ND, 58413 offers a 9.26% rental yield on a $129,900 purchase with $1,002/mo rent. Total monthly income registers $1,002/mo, and a $636/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,534/yr on $43,062 to close, and return on cash invested stands at 25.79% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 134.36% and total cumulative return in cash at $57,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,002/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
10,454 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: #4021990