519 Walnut StTurtle LakeND58575
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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 Turtle Lake at 519 Walnut St, Turtle Lake, ND, 58575 priced at $119,000 pairs $956/mo rent with $232/mo cash flow after a $582/mo payment. Total monthly income equals $956/mo, and annual cash flow comes to $2,786/yr on $39,449 invested. Return on cash invested is 26.97% in year one, and rental yield stands at 9.64% on a $119,000 basis. Equity gained on principal adds $768/yr, and 5% annual appreciation accumulates to $32,878 by year five. Five-year ROI measures 140.67% and total cumulative return in cash reaches $55,493. For financing, Ziffy Mortgage’s DSCR program evaluates $956/mo property income against a $582/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58575, Turtle Lake, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 775 (100%) |
| Owner Occupied HU | 351 (45.3%) |
| Renter Occupied HU | 62 ( 8.0%) |
| Vacant Housing Units | 362 (46.7%) |
| Median Home Value | $283,974 |
| Average Home Value | $371,681 |
Housing Distribution
Address Breakdown
Residential
249
Single Family
240
Multi-Family
9
Businesses
48
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Listed by: BRENDA FOSTER • Capital Real Estate Partners
Mls Name: Great North MLS
Mls ID: #4021188
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.