1624 W Central AveMinotND58701
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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 1624 W Central Ave, Minot, ND, 58701 earns $141/mo cash flow from $1,358/mo rent with a $979/mo payment. Total monthly income totals $1,358/mo, and annual cash flow totals $1,688/yr on $66,300 capital. ROI tracks 22.45% on current figures, and rental yield reads 8.15% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 116.39% and total cumulative return in cash sums $77,168. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,358/mo property income instead of your personal income.
Single Family
Built in 1946
8,668 sqft 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: Malissa Brown • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls ID: #251151