508 Main StMiles CityMT59301
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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 Miles City at 508 Main St, Miles City, MT, 59301 priced at $350,000 converts $743/mo rent into after a $1,713/mo obligation. Total monthly income equals $743/mo. Return on cash invested prints 6.44% in year one, and rental yield reads 2.55% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 30.17% and total cumulative return in cash sums $35,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $743/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59301, Miles City, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,248 (100%) |
| Owner Occupied HU | 3,087 (58.8%) |
| Renter Occupied HU | 1,513 (28.8%) |
| Vacant Housing Units | 648 (12.3%) |
| Median Home Value | $250,935 |
| Average Home Value | $310,801 |
Housing Distribution
Address Breakdown
Residential
4,992
Single Family
4,843
Multi-Family
149
Businesses
685
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Listed by: Lisa Kjelstrup • United Country Montana Dakota Real Estate
Mls Name: Glendive MLS
Mls ID: #331074
Disclaimer: Copyright Glendive MLS. All rights reserved. Information is deemed reliable but not guaranteed.