7 3rd St SEGarrisonND58540
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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 Garrison at 7 3rd St SE, Garrison, ND, 58540 priced at $110,000 converts $934/mo rent into $265/mo cash flow after a $538/mo obligation. Total monthly income equals $934/mo, and annual cash flow totals $3,179/yr on $36,465 invested. Return on cash invested prints 28.63% in year one, and rental yield reads 10.19% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 149.5% and total cumulative return in cash sums $54,516. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $934/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1908
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58540, Garrison, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,617 (100%) |
| Owner Occupied HU | 970 (60.0%) |
| Renter Occupied HU | 222 (13.7%) |
| Vacant Housing Units | 425 (26.3%) |
| Median Home Value | $305,405 |
| Average Home Value | $318,773 |
Housing Distribution
Address Breakdown
Residential
887
Single Family
852
Multi-Family
35
Businesses
131
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Nearby investment properties with comparable prices
Listed by: Michael Matteson • West Inkster Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250387
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