504 Iowa AveMottND58646
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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
Rental property for sale in Mott at 504 Iowa Ave, Mott, ND, 58646 offers $830/mo rent that, after a $538/mo payment, leaves $161/mo cash flow. Total monthly income is $830/mo, and annual cash flow is $1,931/yr on $36,465 cash. Return on cash invested measures 25.2% in year one, and rental yield stands at 9.05% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 131.07% and total cumulative return in cash reaches $47,796. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $830/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58646, Mott, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 420 (60.5%) |
| Renter Occupied HU | 88 (12.7%) |
| Vacant Housing Units | 186 (26.8%) |
| Median Home Value | $122,222 |
| Average Home Value | $172,702 |
Housing Distribution
Address Breakdown
Residential
430
Single Family
413
Multi-Family
17
Businesses
63
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: MJ Mayer • Century 21 Morrison Realty
Mls Name: Badlands BOR
Mls ID: #25-788