123 7th St NWMinotND58703
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 123 7th St NW, Minot, ND, 58703 uses $76,278 cash to close to unlock $137/yr annual cash flow and $11/mo monthly cash flow. Total monthly income runs $1,454/mo, and a $1,126/mo payment keeps the spread at $11/mo. Purchase price stands at $230,100, and rental yield measures 7.58% with $1,454/mo rent. Return on cash invested shows 20.09% in year one, and 5% annual appreciation builds toward $63,572 over five years. Five-year ROI reaches 103.94% and total cumulative return in cash records $79,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,454/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Multi Family
Built in 1917
7,013 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A