7 Soo StBurlingtonND58722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Burlington at 7 Soo St, Burlington, ND, 58722 offers a 10.53% rental yield on a $209,900 purchase with $1,842/mo rent. Total monthly income registers $1,842/mo, and a $1,027/mo payment leaves $552/mo available for distribution. Annual cash flow reaches $6,619/yr on $69,582 to close, and return on cash invested stands at 29.42% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 153.81% and total cumulative return in cash at $107,024. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,842/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58722, Burlington, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 780 (100%) |
| Owner Occupied HU | 525 (67.3%) |
| Renter Occupied HU | 163 (20.9%) |
| Vacant Housing Units | 92 (11.8%) |
| Median Home Value | $237,987 |
| Average Home Value | $300,148 |
Housing Distribution
Address Breakdown
Residential
631
Single Family
585
Multi-Family
46
Businesses
51
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Listed by: Delrae Zimmerman • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250563
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