224 11th 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 224 11th Ave SE, Minot, ND, 58701 uses $71,273 cash to close to unlock $6,969/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $1,889/mo, and a $1,052/mo payment keeps the spread at $581/mo. Purchase price stands at $215,000, and rental yield measures 10.54% with $1,889/mo rent. Return on cash invested shows 29.69% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 155.15% and total cumulative return in cash records $110,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,889/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,619 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: Carissa Hatfield • Better Homes and Gardens Real Estate Watne Group
Mls Name: Minot MLS
Mls ID: #251475