654 1st 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
Rental property for sale in Lansford at 654 1st Ave, Lansford, ND, 58750 generates $2,008/mo in rent and, after a $1,067/mo payment, leaves $681/mo in cash flow. Total monthly income is $2,008/mo, and annual cash flow is $8,175/yr on $72,267 invested. Return on cash invested sits at 31.22% in year one, and rental yield is 11.05% on a $218,000 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 163.4% and total cumulative return in cash sums $118,087. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,008/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
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: Greg Wiles • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #251329
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