501 Main St STownerND58788
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 Towner at 501 Main St S, Towner, ND, 58788 priced at $174,900 pairs $1,453/mo rent with $389/mo cash flow after a $856/mo payment. Total monthly income equals $1,453/mo, and annual cash flow comes to $4,663/yr on $57,979 invested. Return on cash invested is 27.95% in year one, and rental yield stands at 9.97% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 145.85% and total cumulative return in cash reaches $84,564. For financing, Ziffy Mortgage’s DSCR program evaluates $1,453/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1909
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58788, Towner, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 619 (100%) |
| Owner Occupied HU | 391 (63.2%) |
| Renter Occupied HU | 77 (12.4%) |
| Vacant Housing Units | 151 (24.4%) |
| Median Home Value | $126,172 |
| Average Home Value | $172,986 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
59
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Listed by: Rachel Gaddie • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251048