711 2nd Ave SEJamestownND58401
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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 Jamestown at 711 2nd Ave SE, Jamestown, ND, 58401 uses $85,361 cash to close to unlock $4,946/yr annual cash flow and $412/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,260/mo payment keeps the spread at $412/mo. Purchase price stands at $257,500, and rental yield measures 9.22% with $1,979/mo rent. Return on cash invested shows 25.7% in year one, and 5% annual appreciation builds toward $71,143 over five years. Five-year ROI reaches 133.82% and total cumulative return in cash records $114,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,260/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58401, Jamestown, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,804 (100%) |
| Owner Occupied HU | 4,829 (54.9%) |
| Renter Occupied HU | 2,943 (33.4%) |
| Vacant Housing Units | 1,032 (11.7%) |
| Median Home Value | $213,110 |
| Average Home Value | $239,046 |
Housing Distribution
Address Breakdown
Residential
8,180
Single Family
6,198
Multi-Family
1,982
Businesses
624
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Listed by: Beth L Keller • RE/MAX Now - JM
Mls Name: Great North MLS
Mls ID: #4020521