507 1st St SWBowmanND58623
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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 Bowman at 507 1st St SW, Bowman, ND, 58623 offers a 6.88% rental yield on a $240,000 purchase with $1,375/mo rent. 61% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 95.73% and total cumulative return in cash at $76,166. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,375/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.32 Acres 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
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Listed by: Briana M Crook • The Real Estate Company
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-209
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.