420 16th 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 420 16th St NW, Minot, ND, 58703 listed at $228,500 pairs $1,577/mo rent with a $1,118/mo payment to leave $187/mo cash flow. Total monthly income runs $1,577/mo, and annual cash flow reaches $2,240/yr on $75,748 cash to close. Return on cash invested measures 22.87% in year one, and rental yield registers 8.28% at a $228,500 basis. Equity gained on principal adds $1,474/yr, and annual property appreciation at 5% supports $63,130 by year five. Five-year ROI tracks 118.57% and total cumulative return in cash totals $89,812. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,577/mo property income relative to a $1,118/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2012
6,250 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: TRACY DACHS • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls ID: #251645