3425 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 3425 8th St NE, Minot, ND, 58703 listed at $385,900 pairs $2,725/mo rent with a $1,889/mo payment to leave $376/mo cash flow. Total monthly income runs $2,725/mo, and annual cash flow reaches $4,514/yr on $127,926 cash to close. Return on cash invested measures 23.44% in year one, and rental yield registers 8.47% at a $385,900 basis. Equity gained on principal adds $2,490/yr, and annual property appreciation at 5% supports $106,617 by year five. Five-year ROI tracks 121.65% and total cumulative return in cash totals $155,621. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,725/mo property income relative to a $1,889/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2012
0.29 Acres 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: Trude Skalicky • Better Homes and Gardens Real Estate Watne Group
Mls Name: Minot MLS
Mls ID: #251527