516 Main AveWashburnND58577
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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
Rental property for sale in Washburn at 516 Main Ave, Washburn, ND, 58577 priced at $294,000 converts $1,741/mo rent into after a $1,439/mo obligation. Total monthly income equals $1,741/mo. Return on cash invested prints 19.3% in year one, and rental yield reads 7.11% against a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation compiles into $81,227 by year five. Five-year ROI reaches 99.46% and total cumulative return in cash sums $96,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,741/mo property income covering a $1,439/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58577, Washburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 673 (68.7%) |
| Renter Occupied HU | 135 (13.8%) |
| Vacant Housing Units | 172 (17.6%) |
| Median Home Value | $255,099 |
| Average Home Value | $287,819 |
Housing Distribution
Address Breakdown
Residential
618
Single Family
562
Multi-Family
56
Businesses
85
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Listed by: Kelsi Hach • Rafter Real Estate
Mls Name: Great North MLS
Mls ID: #4018474
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.