6 4th Ave NWTownerND58788
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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 Towner at 6 4th Ave NW, Towner, ND, 58788 uses $56,322 cash to close to unlock $5,814/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $1,519/mo, and a $832/mo payment keeps the spread at $485/mo. Purchase price stands at $169,900, and rental yield measures 10.73% with $1,519/mo rent. Return on cash invested shows 30.23% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 158.09% and total cumulative return in cash records $89,042. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,519/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1961
10,759 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58788, Towner, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 619 (100%) |
| Owner Occupied HU | 391 (63.2%) |
| Renter Occupied HU | 77 (12.4%) |
| Vacant Housing Units | 151 (24.4%) |
| Median Home Value | $126,172 |
| Average Home Value | $172,986 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
59
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Listed by: Joshua Skjoldal • Better Homes and Gardens Real Estate Watne Group
Mls Name: Minot MLS
Mls ID: #251148