106 8th St SEMinotND58701
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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 Minot at 106 8th St SE, Minot, ND, 58701 priced at $299,500 pairs $2,395/mo rent with $572/mo cash flow after a $1,466/mo payment. Total monthly income equals $2,395/mo, and annual cash flow comes to $6,865/yr on $99,284 invested. Return on cash invested is 26.82% in year one, and rental yield stands at 9.6% on a $299,500 basis. Equity gained on principal adds $1,933/yr, and 5% annual appreciation accumulates to $82,746 by year five. Five-year ROI measures 139.83% and total cumulative return in cash reaches $138,827. For financing, Ziffy Mortgage’s DSCR program evaluates $2,395/mo property income against a $1,466/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1917
6,534 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: Sarah Kropp • Maven Real Estate
Mls Name: Minot MLS
Mls ID: #251301