1612 31st Ave 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 1612 31st Ave SE, Minot, ND, 58701 generates $3,539/mo in rent, after a $3,915/mo payment. Total monthly income is $3,539/mo. Return on cash invested sits at 14% in year one, and rental yield is 5.31% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 70.98% and total cumulative return in cash sums $186,792. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,539/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
0.65 Acres 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: Rachel Gaddie • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251004