1616 20th Ave NW APT 202MinotND58703
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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 1616 20th Ave NW APT 202, Minot, ND, 58703 uses $41,438 cash to close to unlock $2,676/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $984/mo, and a $612/mo payment keeps the spread at $223/mo. Purchase price stands at $125,000, and rental yield measures 9.45% with $984/mo rent. Return on cash invested shows 26.37% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 137.45% and total cumulative return in cash records $56,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $984/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 2012
N/A 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: Tim Knutson • eXp Realty
Mls Name: Minot MLS
Mls ID: #251730