507 Centennial DrGlenburnND58740
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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 Glenburn at 507 Centennial Dr, Glenburn, ND, 58740 priced at $100,000 pairs $768/mo rent with $160/mo cash flow after a $489/mo payment. Total monthly income equals $768/mo, and annual cash flow comes to $1,918/yr on $33,150 invested. Return on cash invested is 25.7% in year one, and rental yield stands at 9.22% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 133.73% and total cumulative return in cash reaches $44,332. For financing, Ziffy Mortgage’s DSCR program evaluates $768/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1960
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58740, Glenburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 272 (68.0%) |
| Renter Occupied HU | 54 (13.5%) |
| Vacant Housing Units | 74 (18.5%) |
| Median Home Value | $220,313 |
| Average Home Value | $239,972 |
Housing Distribution
Address Breakdown
Residential
258
Single Family
258
Multi-Family
0
Businesses
21
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Listed by: CHERY BOURDEAU • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251709