5 Briar DrVelvaND58790
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 Velva at 5 Briar Dr, Velva, ND, 58790 priced at $284,900 converts $1,690/mo rent into after a $1,394/mo obligation. Total monthly income equals $1,690/mo. Return on cash invested prints 18.53% in year one, and rental yield reads 7.12% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 95.62% and total cumulative return in cash sums $90,311. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,690/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JDee Douglas • KW Inspire Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #251192
Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of the MMLS, Inc. Real estate listings other than Zillow, Inc. are marked with the Broker Reciprocity logo and the view of detailed information about them includes the name of the listing broker. Zillow, Inc. does not display the entire MMLS, Inc. Broker Reciprocity database on this website. The listings of some real estate brokerage firms have been excluded. All information provided is deemed reliable but is not guaranteed and should be independently verified. No reproduction, distribution, or transmission of the information at this site is permitted without written permission from Zillow, Inc.