2009 5th St NWMinotND58703
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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 2009 5th St NW, Minot, ND, 58703 offers a 4.56% rental yield on a $285,000 purchase with $1,084/mo rent. 65% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 58.42% and total cumulative return in cash at $55,194. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,084/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1959
10,018 sqft 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: TAMIE DUNN • Coldwell Banker 1st Minot Realty
Mls Name: Minot MLS
Mls ID: #251312