510 Elm AveNew SalemND58563
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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 New Salem at 510 Elm Ave, New Salem, ND, 58563 at $198,000 posts ROI 27.17% with $397/mo cash flow from $1,602/mo rent. Total monthly income equals $1,602/mo, and annual cash flow records $4,765/yr on $65,637 to close. Return on cash invested measures 27.17% and rental yield reads 9.71% at the current $198,000. Equity gained on principal adds $1,278/yr, and 5% annual appreciation supports $54,704 by year five. Five-year ROI prints 141.69% and total cumulative return in cash totals $93,004.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,602/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1943
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58563, New Salem, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 962 (100%) |
| Owner Occupied HU | 688 (71.5%) |
| Renter Occupied HU | 110 (11.4%) |
| Vacant Housing Units | 164 (17.0%) |
| Median Home Value | $226,768 |
| Average Home Value | $288,899 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
625
Multi-Family
41
Businesses
58
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Listed by: HUNTER J ROLL • TRADEMARK REALTY
Mls Name: Great North MLS
Mls ID: #4018383
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.