1616 20th Ave NW APT 303MinotND58703
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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 303, Minot, ND, 58703 uses $35,769 cash to close to unlock $2,045/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $827/mo, and a $528/mo payment keeps the spread at $170/mo. Purchase price stands at $107,900, and rental yield measures 9.2% with $827/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $29,811 over five years. Five-year ROI reaches 133.46% and total cumulative return in cash records $47,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $827/mo property income covering a $528/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: Megan Hoelscher • Preferred Partners Real Estate
Mls Name: Minot MLS
Mls ID: #251758