1312 7th 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 1312 7th St NE, Minot, ND, 58703 earns $656/mo cash flow from $2,420/mo rent with a $1,419/mo payment. Total monthly income totals $2,420/mo, and annual cash flow totals $7,866/yr on $96,102 capital. ROI tracks 28.09% on current figures, and rental yield reads 10.02% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 146.62% and total cumulative return in cash sums $140,901. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,420/mo property income instead of your personal income.
Single Family
Built in 1995
0.34 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: ASHLEY BOLEY • NextHome Legendary Properties
Mls Name: Minot MLS
Mls ID: #251034