408 1st St NWMinotND58703
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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 408 1st St NW, Minot, ND, 58703 with 5% annual appreciation on a $325,000 basis while $3,059/mo rent supports operations. Total monthly income totals $3,059/mo and a $1,591/mo payment preserves $1,081/mo for cash returns. Annual cash flow comes to $12,969/yr on $107,738 deployed, and return on cash invested reaches 31.95% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 11.29%. Five-year ROI measures 167.26% and total cumulative return in cash totals $180,205.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,059/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1906
9,016 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: Tanner Dockter • 701 Realty, Inc.
Mls Name: Minot MLS
Mls ID: #251111