98 3rd Ave NWahpetonND58075
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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 Wahpeton at 98 3rd Ave N, Wahpeton, ND, 58075 uses $59,637 cash to close to unlock $3,367/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,376/mo, and a $881/mo payment keeps the spread at $281/mo. Purchase price stands at $179,900, and rental yield measures 9.18% with $1,376/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 133.02% and total cumulative return in cash records $79,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,376/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1930
8,712 sqft 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: #6740289