573 7th Ave SEMayvilleND58257
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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 Mayville at 573 7th Ave SE, Mayville, ND, 58257 generates $1,384/mo in rent, after a $1,331/mo payment. Total monthly income is $1,384/mo. Return on cash invested sits at 16.3% in year one, and rental yield is 6.11% on a $272,000 entry. Equity gained on principal adds $1,755/yr, while 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 83.34% and total cumulative return in cash sums $75,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,384/mo property income rather than buyer’s personal income.
Multi Family
Built in 2011
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58257, Mayville, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 520 (51.1%) |
| Renter Occupied HU | 335 (32.9%) |
| Vacant Housing Units | 162 (15.9%) |
| Median Home Value | $220,779 |
| Average Home Value | $248,596 |
Housing Distribution
Address Breakdown
Residential
973
Single Family
777
Multi-Family
196
Businesses
98
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Listed by: Jonathon Vonesh • KW Inspire Realty Keller Williams
Mls Name: GFBMLS
Mls ID: #25-1735