582 3rd AveLansfordND58750
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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 Lansford at 582 3rd Ave, Lansford, ND, 58750 earns $244/mo cash flow from $1,315/mo rent with a $861/mo payment. Total monthly income totals $1,315/mo, and annual cash flow totals $2,931/yr on $58,344 capital. ROI tracks 24.93% on current figures, and rental yield reads 8.97% at a $176,000 purchase. Equity gained on principal adds $1,136/yr, and 5% annual appreciation supports $48,626 over five years. Five-year ROI reaches 129.71% and total cumulative return in cash sums $75,681. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,315/mo property income instead of your personal income.
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58750, Lansford, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 255 (100%) |
| Owner Occupied HU | 168 (65.9%) |
| Renter Occupied HU | 31 (12.2%) |
| Vacant Housing Units | 56 (22.0%) |
| Median Home Value | $226,042 |
| Average Home Value | $253,051 |
Housing Distribution
Address Breakdown
Residential
146
Single Family
142
Multi-Family
4
Businesses
14
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Listed by: Sarah Kropp • Maven Real Estate
Mls Name: Minot MLS
Mls ID: #251375