429 3rd St NNew TownND58763
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 New Town at 429 3rd St N, New Town, ND, 58763 at $225,000 posts ROI 23.96% with $252/mo cash flow from $1,621/mo rent. Total monthly income equals $1,621/mo, and annual cash flow records $3,022/yr on $74,588 to close. Return on cash invested measures 23.96% and rental yield reads 8.65% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 124.42% and total cumulative return in cash totals $92,805.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,621/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1937
7,840 sqft 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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Nearby investment properties with comparable prices
Listed by: Cindi Strandberg • Coldwell Banker 1st Minot Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250391
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