3119 8th St NEMinotND58703
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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 3119 8th St NE, Minot, ND, 58703 earns $288/mo cash flow from $1,896/mo rent with a $1,248/mo payment. Total monthly income totals $1,896/mo, and annual cash flow totals $3,451/yr on $84,533 capital. ROI tracks 23.99% on current figures, and rental yield reads 8.92% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 124.9% and total cumulative return in cash sums $105,584. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,896/mo property income instead of your personal income.
Townhouse
Built in 2012
5,227 sqft 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: Hiralda Hammel • NextHome Legendary Properties
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250972
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