501 Main St ECenterND58530
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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 Center at 501 Main St E, Center, ND, 58530 listed at $289,900 pairs $2,514/mo rent with a $1,419/mo payment to leave $750/mo cash flow. Total monthly income runs $2,514/mo, and annual cash flow reaches $8,994/yr on $96,102 cash to close. Return on cash invested measures 29.27% in year one, and rental yield registers 10.41% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 152.91% and total cumulative return in cash totals $146,949. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,514/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58530, Center, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 651 (100%) |
| Owner Occupied HU | 463 (71.1%) |
| Renter Occupied HU | 84 (12.9%) |
| Vacant Housing Units | 104 (16.0%) |
| Median Home Value | $256,105 |
| Average Home Value | $307,570 |
Housing Distribution
Address Breakdown
Residential
266
Single Family
266
Multi-Family
0
Businesses
46
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Listed by: Andrew S Anderson • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4018671
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.