713 Driscoll AveSurreyND58785
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
Rental property for sale in Surrey at 713 Driscoll Ave, Surrey, ND, 58785 priced at $414,900 converts $3,440/mo rent into $915/mo cash flow after a $2,031/mo obligation. Total monthly income equals $3,440/mo, and annual cash flow totals $10,975/yr on $137,539 invested. Return on cash invested prints 27.89% in year one, and rental yield reads 9.95% against a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation compiles into $114,629 by year five. Five-year ROI reaches 145.5% and total cumulative return in cash sums $200,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,440/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58785, Surrey, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 479 (82.4%) |
| Renter Occupied HU | 53 ( 9.1%) |
| Vacant Housing Units | 49 ( 8.4%) |
| Median Home Value | $324,408 |
| Average Home Value | $328,450 |
Housing Distribution
Address Breakdown
Residential
369
Single Family
369
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Micky Venable • eXp Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #241135
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