502 7th Ave SEStanleyND58784
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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 Stanley at 502 7th Ave SE, Stanley, ND, 58784 uses $99,450 cash to close to unlock $726/yr annual cash flow and $61/mo monthly cash flow. Total monthly income runs $1,886/mo, and a $1,468/mo payment keeps the spread at $61/mo. Purchase price stands at $300,000, and rental yield measures 7.54% with $1,886/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 106.63% and total cumulative return in cash records $106,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,886/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1968
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58784, Stanley, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 788 (49.2%) |
| Renter Occupied HU | 439 (27.4%) |
| Vacant Housing Units | 375 (23.4%) |
| Median Home Value | $262,912 |
| Average Home Value | $296,754 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
822
Multi-Family
98
Businesses
150
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Listed by: Penny Belgarde • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls ID: #251805