511 2nd St WVelvaND58790
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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 Velva at 511 2nd St W, Velva, ND, 58790 listed at $264,900 pairs $2,408/mo rent with a $1,297/mo payment to leave $795/mo cash flow. Total monthly income runs $2,408/mo, and annual cash flow reaches $9,544/yr on $87,814 cash to close. Return on cash invested measures 30.78% in year one, and rental yield registers 10.91% at a $264,900 basis. Equity gained on principal adds $1,709/yr, and annual property appreciation at 5% supports $73,187 by year five. Five-year ROI tracks 161.03% and total cumulative return in cash totals $141,404. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,408/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2008
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58790, Velva, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 508 (73.4%) |
| Renter Occupied HU | 106 (15.3%) |
| Vacant Housing Units | 78 (11.3%) |
| Median Home Value | $248,734 |
| Average Home Value | $295,625 |
Housing Distribution
Address Breakdown
Residential
464
Single Family
412
Multi-Family
52
Businesses
59
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Listed by: Rachel Gaddie • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251672