512 3rd St NEWatford CityND58854
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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 Watford City at 512 3rd St NE, Watford City, ND, 58854 uses $119,340 cash to close to unlock $6,036/yr annual cash flow and $503/mo monthly cash flow. Total monthly income runs $2,694/mo, and a $1,762/mo payment keeps the spread at $503/mo. Purchase price stands at $360,000, and rental yield measures 8.98% with $2,694/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 129.81% and total cumulative return in cash records $154,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,694/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58854, Watford City, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,191 (100%) |
| Owner Occupied HU | 1,525 (29.4%) |
| Renter Occupied HU | 2,055 (39.6%) |
| Vacant Housing Units | 1,611 (31.0%) |
| Median Home Value | $387,177 |
| Average Home Value | $424,352 |
Housing Distribution
Address Breakdown
Residential
3,584
Single Family
3,448
Multi-Family
136
Businesses
410
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Listed by: Amariah Hier • eXp Realty
Mls Name: Great North MLS
Mls ID: #4022871