503 Main AveWashburnND58577
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
Investment property for sale in Washburn at 503 Main Ave, Washburn, ND, 58577 uses $46,079 cash to close to unlock $4,048/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,183/mo, and a $680/mo payment keeps the spread at $337/mo. Purchase price stands at $139,000, and rental yield measures 10.21% with $1,183/mo rent. Return on cash invested shows 28.69% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 149.89% and total cumulative return in cash records $69,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,183/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58577, Washburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 673 (68.7%) |
| Renter Occupied HU | 135 (13.8%) |
| Vacant Housing Units | 172 (17.6%) |
| Median Home Value | $255,099 |
| Average Home Value | $287,819 |
Housing Distribution
Address Breakdown
Residential
618
Single Family
562
Multi-Family
56
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MIKE NELSON • MIKE NELSON REALTY
Mls Name: Great North MLS
Mls ID: #4022471