100 24th St SWMinotND58701
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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 Minot at 100 24th St SW, Minot, ND, 58701 uses $87,848 cash to close to unlock $6,723/yr annual cash flow and $560/mo monthly cash flow. Total monthly income runs $2,173/mo, and a $1,297/mo payment keeps the spread at $560/mo. Purchase price stands at $265,000, and rental yield measures 9.84% with $2,173/mo rent. Return on cash invested shows 27.56% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 143.79% and total cumulative return in cash records $126,315. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,173/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58701, Minot, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,808 (100%) |
| Owner Occupied HU | 8,272 (52.3%) |
| Renter Occupied HU | 5,812 (36.8%) |
| Vacant Housing Units | 1,724 (10.9%) |
| Median Home Value | $289,702 |
| Average Home Value | $320,771 |
Housing Distribution
Address Breakdown
Residential
15,462
Single Family
12,730
Multi-Family
2,732
Businesses
1,327
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Listed by: Amy Rogers • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #251095
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