506 2nd St NWBowmanND58623
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 Bowman at 506 2nd St NW, Bowman, ND, 58623 uses $39,661 cash to close to unlock $6,039/yr annual cash flow and $503/mo monthly cash flow. Total monthly income runs $1,258/mo, and a $586/mo payment keeps the spread at $503/mo. Purchase price stands at $119,640, and rental yield measures 12.62% with $1,258/mo rent. Return on cash invested shows 35.13% in year one, and 5% annual appreciation builds toward $33,054 over five years. Five-year ROI reaches 184.78% and total cumulative return in cash records $73,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,258/mo property income covering a $586/mo payment rather than investor’s personal income.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58623, Bowman, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,166 (100%) |
| Owner Occupied HU | 696 (59.7%) |
| Renter Occupied HU | 223 (19.1%) |
| Vacant Housing Units | 247 (21.2%) |
| Median Home Value | $194,930 |
| Average Home Value | $254,404 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
572
Multi-Family
39
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A