506 3rd St NWValley CityND58072
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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 Valley City at 506 3rd St NW, Valley City, ND, 58072 offers $2,084/mo rent that, after a $1,219/mo payment, leaves $502/mo cash flow. Total monthly income is $2,084/mo, and annual cash flow is $6,027/yr on $82,544 cash. Return on cash invested measures 27.21% in year one, and rental yield stands at 10.04% at a $249,000 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,794 by year five. Five-year ROI records 142.25% and total cumulative return in cash reaches $117,416. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,084/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
6,969 sqft lot
$N/A/sqft
No HOA
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Listed by: Ross W Powell • RE/MAX Now - VC
Mls Name: Great North MLS
Mls ID: #4016008
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.