45 2nd St NEGarrisonND58540
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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 Garrison at 45 2nd St NE, Garrison, ND, 58540 at $100,000 posts ROI 25.34% with $150/mo cash flow from $771/mo rent. Total monthly income equals $771/mo, and annual cash flow records $1,800/yr on $33,150 to close. Return on cash invested measures 25.34% and rental yield reads 9.25% at the current $100,000. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 by year five. Five-year ROI prints 131.99% and total cumulative return in cash totals $43,756.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $771/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1905
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58540, Garrison, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,617 (100%) |
| Owner Occupied HU | 970 (60.0%) |
| Renter Occupied HU | 222 (13.7%) |
| Vacant Housing Units | 425 (26.3%) |
| Median Home Value | $305,405 |
| Average Home Value | $318,773 |
Housing Distribution
Address Breakdown
Residential
887
Single Family
852
Multi-Family
35
Businesses
131
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Listed by: MICHAEL MATTESON • West Inkster Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #251114
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