204 2nd AveBenedictND58716
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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 Benedict at 204 2nd Ave, Benedict, ND, 58716 generates $908/mo in rent and, after a $563/mo payment, leaves $208/mo in cash flow. Total monthly income is $908/mo, and annual cash flow is $2,496/yr on $38,123 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 9.47% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 137.83% and total cumulative return in cash sums $52,545. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $908/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58716, Benedict, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 76 (100%) |
| Owner Occupied HU | 53 (69.7%) |
| Renter Occupied HU | 7 ( 9.2%) |
| Vacant Housing Units | 16 (21.1%) |
| Median Home Value | $315,625 |
| Average Home Value | $363,066 |
Housing Distribution
Address Breakdown
Residential
52
Single Family
52
Multi-Family
0
Businesses
3
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Listed by: BECKY BERTSCH • Better Homes and Gardens Real Estate Watne Group
Mls Name: Minot MLS
Mls ID: #251180