209 8th Ave SEMinotND58701
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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 209 8th Ave SE, Minot, ND, 58701 with 5% annual appreciation on a $217,000 basis while $1,931/mo rent supports operations. Total monthly income totals $1,931/mo and a $1,062/mo payment preserves $610/mo for cash returns. Annual cash flow comes to $7,325/yr on $71,936 deployed, and return on cash invested reaches 30.09% in year one. Equity gained on principal adds $1,400/yr, and five-year appreciation sums $59,953 alongside rental yield of 10.68%. Five-year ROI measures 157.36% and total cumulative return in cash totals $113,201.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,931/mo property income versus a $1,062/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1912
6,098 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: TAMIE DUNN • Coldwell Banker 1st Minot Realty
Mls Name: Minot MLS
Mls ID: #251474