76 7th Ave SWahpetonND58075
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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 Wahpeton at 76 7th Ave S, Wahpeton, ND, 58075 priced at $249,900 pairs $1,483/mo rent with after a $1,223/mo payment. Total monthly income equals $1,483/mo. Return on cash invested is 19.36% in year one, and rental yield stands at 7.12% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 99.82% and total cumulative return in cash reaches $82,694. For financing, Ziffy Mortgage’s DSCR program evaluates $1,483/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58075, Wahpeton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,267 (100%) |
| Owner Occupied HU | 2,312 (54.2%) |
| Renter Occupied HU | 1,495 (35.0%) |
| Vacant Housing Units | 460 (10.8%) |
| Median Home Value | $178,105 |
| Average Home Value | $223,671 |
Housing Distribution
Address Breakdown
Residential
3,992
Single Family
2,858
Multi-Family
1,134
Businesses
373
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Listed by: Cheri Formaneck • Action Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010276