1104 2nd 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
Investment property for sale in Minot at 1104 2nd St SE, Minot, ND, 58701 uses $78,897 cash to close to unlock $8,273/yr annual cash flow and $689/mo monthly cash flow. Total monthly income runs $2,138/mo, and a $1,165/mo payment keeps the spread at $689/mo. Purchase price stands at $238,000, and rental yield measures 10.78% with $2,138/mo rent. Return on cash invested shows 30.39% in year one, and 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 158.95% and total cumulative return in cash records $125,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,138/mo property income covering a $1,165/mo payment rather than investor’s personal income.
Multi Family
Built in 1956
6,098 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: SAMMY HERSLIP • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251197