460 Central Ave EVelvaND58790
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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 Velva at 460 Central Ave E, Velva, ND, 58790 at $189,900 posts ROI 28.04% with $427/mo cash flow from $1,582/mo rent. Total monthly income equals $1,582/mo, and annual cash flow records $5,120/yr on $62,952 to close. Return on cash invested measures 28.04% and rental yield reads 10% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 146.33% and total cumulative return in cash totals $92,117.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,582/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2013
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58790, Velva, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 508 (73.4%) |
| Renter Occupied HU | 106 (15.3%) |
| Vacant Housing Units | 78 (11.3%) |
| Median Home Value | $248,734 |
| Average Home Value | $295,625 |
Housing Distribution
Address Breakdown
Residential
464
Single Family
412
Multi-Family
52
Businesses
59
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Nearby investment properties with comparable prices
Listed by: Bonnie Domsteen • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250491
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