649 2nd Ave SEDickinsonND58601
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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 Dickinson at 649 2nd Ave SE, Dickinson, ND, 58601 offers a 11.88% rental yield on a $304,400 purchase with $3,014/mo rent. Total monthly income registers $3,014/mo, and a $1,490/mo payment leaves $1,147/mo available for distribution. Annual cash flow reaches $13,761/yr on $100,909 to close, and return on cash invested stands at 33.55% in year one. Equity gained on principal adds $1,964/yr while 5% annual appreciation supports $84,100 over five years. Portfolio math shows five-year ROI at 175.91% and total cumulative return in cash at $177,505. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,014/mo property income against a $1,490/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58601, Dickinson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,995 (100%) |
| Owner Occupied HU | 7,325 (52.3%) |
| Renter Occupied HU | 4,954 (35.4%) |
| Vacant Housing Units | 1,716 (12.3%) |
| Median Home Value | $293,951 |
| Average Home Value | $334,503 |
Housing Distribution
Address Breakdown
Residential
13,405
Single Family
10,987
Multi-Family
2,418
Businesses
1,060
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Listed by: Tammy Glasser • RE/MAX Integrity Realty
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-741
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.