1200 3rd St NEMinotND58703
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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 1200 3rd St NE, Minot, ND, 58703 earns $269/mo cash flow from $1,364/mo rent with a $881/mo payment. Total monthly income totals $1,364/mo, and annual cash flow totals $3,223/yr on $59,637 capital. ROI tracks 25.31% on current figures, and rental yield reads 9.1% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 131.71% and total cumulative return in cash sums $78,549. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,364/mo property income instead of your personal income.
Single Family
Built in 1940
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58703, Minot, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,997 (100%) |
| Owner Occupied HU | 5,572 (50.7%) |
| Renter Occupied HU | 4,334 (39.4%) |
| Vacant Housing Units | 1,091 ( 9.9%) |
| Median Home Value | $273,420 |
| Average Home Value | $302,825 |
Housing Distribution
Address Breakdown
Residential
10,636
Single Family
9,819
Multi-Family
817
Businesses
425
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Listed by: ROGER WEISHAAR • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251668