516 Downing StSurreyND58785
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 Surrey at 516 Downing St, Surrey, ND, 58785 offers $3,515/mo rent that, after a $2,006/mo payment, leaves $1,021/mo cash flow. Total monthly income is $3,515/mo, and annual cash flow is $12,246/yr on $135,882 cash. Return on cash invested measures 28.92% in year one, and rental yield stands at 10.29% at a $409,900 entry. Equity gained on principal adds $2,645/yr while 5% annual appreciation compounds into $113,248 by year five. Five-year ROI records 151.04% and total cumulative return in cash reaches $205,240. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,515/mo property income versus a $2,006/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58785, Surrey, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 479 (82.4%) |
| Renter Occupied HU | 53 ( 9.1%) |
| Vacant Housing Units | 49 ( 8.4%) |
| Median Home Value | $324,408 |
| Average Home Value | $328,450 |
Housing Distribution
Address Breakdown
Residential
369
Single Family
369
Multi-Family
0
Businesses
17
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Listed by: Tanner Schock • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251174