7129 57th St SWElginND58533
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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 Elgin at 7129 57th St SW, Elgin, ND, 58533 generates $600/mo in rent, after a $3,915/mo payment. Total monthly income is $600/mo. Return on cash invested sits at 0.6% in year one, and rental yield is 0.9% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $600/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
85.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58533, Elgin, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 549 (100%) |
| Owner Occupied HU | 326 (59.4%) |
| Renter Occupied HU | 66 (12.0%) |
| Vacant Housing Units | 157 (28.6%) |
| Median Home Value | $118,000 |
| Average Home Value | $198,827 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
346
Multi-Family
36
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Chelsea Jones • Century 21 Morrison Realty
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-238
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.