417 4th St NNew TownND58763
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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 New Town at 417 4th St N, New Town, ND, 58763 uses $77,903 cash to close to unlock $612/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $1,481/mo, and a $1,150/mo payment keeps the spread at $51/mo. Purchase price stands at $235,000, and rental yield measures 7.56% with $1,481/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 106.89% and total cumulative return in cash records $83,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,481/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1934
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58763, New Town, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,335 (100%) |
| Owner Occupied HU | 813 (34.8%) |
| Renter Occupied HU | 865 (37.0%) |
| Vacant Housing Units | 657 (28.1%) |
| Median Home Value | $291,667 |
| Average Home Value | $401,021 |
Housing Distribution
Address Breakdown
Residential
837
Single Family
714
Multi-Family
123
Businesses
179
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Listed by: LINDA REYNOLDS • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls ID: #251613