237 12th 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 237 12th Ave SE, Minot, ND, 58701 uses $53,007 cash to close to unlock $281/yr annual cash flow and $23/mo monthly cash flow. Total monthly income runs $997/mo, and a $783/mo payment keeps the spread at $23/mo. Purchase price stands at $159,900, and rental yield measures 7.48% with $997/mo rent. Return on cash invested shows 20.44% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 105.6% and total cumulative return in cash records $55,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $997/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1948
5,520 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: SCOTT LOUSER • NextHome Legendary Properties
Mls Name: Minot MLS
Mls ID: #251630