425 3rd St SEMayvilleND58257
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
Rental property for sale in Mayville at 425 3rd St SE, Mayville, ND, 58257 generates $1,454/mo in rent and, after a $1,060/mo payment, leaves $60/mo in cash flow. Total monthly income is $1,454/mo, and annual cash flow is $714/yr on $71,770 invested. Return on cash invested sits at 20.9% in year one, and rental yield is 8.06% on a $216,500 entry. Equity gained on principal adds $1,397/yr, while 5% annual appreciation builds toward $59,815 over five years. Five-year ROI reaches 108.54% and total cumulative return in cash sums $77,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,454/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58257, Mayville, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 520 (51.1%) |
| Renter Occupied HU | 335 (32.9%) |
| Vacant Housing Units | 162 (15.9%) |
| Median Home Value | $220,779 |
| Average Home Value | $248,596 |
Housing Distribution
Address Breakdown
Residential
973
Single Family
777
Multi-Family
196
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenny Arel • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1302
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.