2733 N BroadwayMinotND58703
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Minot at 2733 N Broadway, Minot, ND, 58703 priced at $195,000 pairs $1,414/mo rent with $228/mo cash flow after a $954/mo payment. Total monthly income equals $1,414/mo, and annual cash flow comes to $2,731/yr on $64,643 invested. Return on cash invested is 24.13% in year one, and rental yield stands at 8.7% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 125.39% and total cumulative return in cash reaches $81,058. For financing, Ziffy Mortgage’s DSCR program evaluates $1,414/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2007
N/A 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: Micky Venable • eXp Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250568
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