694 6th Ave NEThompsonND58278
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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 Thompson at 694 6th Ave NE, Thompson, ND, 58278 priced at $405,000 converts $0/mo rent into after a $1,982/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.12% in year one, and rental yield reads 0% against a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,894 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Single Family
Built in 1920
4.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58278, Thompson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 785 (100%) |
| Owner Occupied HU | 703 (89.6%) |
| Renter Occupied HU | 56 ( 7.1%) |
| Vacant Housing Units | 26 ( 3.3%) |
| Median Home Value | $376,115 |
| Average Home Value | $415,725 |
Housing Distribution
Address Breakdown
Residential
740
Single Family
740
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Abbie S. Gibbs • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-534
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