515 Michael Grove Ave APT 28BozemanMT59718
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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 Bozeman at 515 Michael Grove Ave APT 28, Bozeman, MT, 59718 offers a 7.56% rental yield on a $422,300 purchase with $2,659/mo rent. Total monthly income registers $2,659/mo, and a $2,067/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,290/yr on $139,992 to close, and return on cash invested stands at 21.54% in year one. Equity gained on principal adds $2,725/yr while 5% annual appreciation supports $116,674 over five years. Portfolio math shows five-year ROI at 111.15% and total cumulative return in cash at $155,601. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,659/mo property income against a $2,067/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59718, Bozeman, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,663 (100%) |
| Owner Occupied HU | 11,632 (51.3%) |
| Renter Occupied HU | 9,000 (39.7%) |
| Vacant Housing Units | 2,031 ( 9.0%) |
| Median Home Value | $674,274 |
| Average Home Value | $744,545 |
Housing Distribution
Address Breakdown
Residential
21,471
Single Family
20,826
Multi-Family
645
Businesses
1,607
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