38 Mulberry LoopMinotND58703
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 38 Mulberry Loop, Minot, ND, 58703 offers $1,447/mo rent that, after a $1,933/mo payment. Total monthly income is $1,447/mo. Return on cash invested measures 11.14% in year one, and rental yield stands at 4.4% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 55.71% and total cumulative return in cash reaches $72,942. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,447/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AISHA VADELL • Coldwell Banker 1st Minot Realty
Mls Name: Minot MLS
Mls ID: #260029