706 1st St NNew TownND58763
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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 New Town at 706 1st St N, New Town, ND, 58763 earns $422/mo cash flow from $2,096/mo rent with a $1,346/mo payment. Total monthly income totals $2,096/mo, and annual cash flow totals $5,067/yr on $91,163 capital. ROI tracks 25.47% on current figures, and rental yield reads 9.15% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 132.54% and total cumulative return in cash sums $120,827. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,096/mo property income instead of your personal income.
Single Family
Built in 1983
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58763, New Town, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,335 (100%) |
| Owner Occupied HU | 813 (34.8%) |
| Renter Occupied HU | 865 (37.0%) |
| Vacant Housing Units | 657 (28.1%) |
| Median Home Value | $291,667 |
| Average Home Value | $401,021 |
Housing Distribution
Address Breakdown
Residential
837
Single Family
714
Multi-Family
123
Businesses
179
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Listed by: Michelle R De Koekkoek • Weichert, Realtors - Providence Properties
Mls Name: Badlands BOR
Mls ID: #26-34