641 Alma 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 641 Alma Ave, Lansford, ND, 58750 uses $58,013 cash to close to unlock $5,934/yr annual cash flow and $494/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $857/mo payment keeps the spread at $494/mo. Purchase price stands at $175,000, and rental yield measures 10.7% with $1,560/mo rent. Return on cash invested shows 30.14% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 157.61% and total cumulative return in cash records $91,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.55 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: Alexa Vongoltz • Realty ONE Group Magnum
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250639
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