515 5th Ave NWGwinnerND58040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gwinner at 515 5th Ave NW, Gwinner, ND, 58040 priced at $195,000 pairs $1,382/mo rent with $129/mo cash flow after a $954/mo payment. Total monthly income equals $1,382/mo, and annual cash flow comes to $1,548/yr on $64,643 invested. Return on cash invested is 22.3% in year one, and rental yield stands at 8.5% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 115.96% and total cumulative return in cash reaches $74,962. For financing, Ziffy Mortgage’s DSCR program evaluates $1,382/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58040, Gwinner, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 532 (100%) |
| Owner Occupied HU | 320 (60.2%) |
| Renter Occupied HU | 159 (29.9%) |
| Vacant Housing Units | 53 ( 10.0%) |
| Median Home Value | $210,870 |
| Average Home Value | $212,414 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
218
Multi-Family
89
Businesses
40
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Listed by: Brenda Smith • Results Realty, Inc
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6598912
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.