421 Harvey AveMintoND58261
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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
Rental property for sale in Minto at 421 Harvey Ave, Minto, ND, 58261 priced at $155,000 converts $1,019/mo rent into $1/mo cash flow after a $759/mo obligation. Total monthly income equals $1,019/mo, and annual cash flow totals $12/yr on $51,383 invested. Return on cash invested prints 19.93% in year one, and rental yield reads 7.89% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 103.58% and total cumulative return in cash sums $53,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,019/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58261, Minto, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 492 (100%) |
| Owner Occupied HU | 384 (78.0%) |
| Renter Occupied HU | 53 (10.8%) |
| Vacant Housing Units | 55 (11.2%) |
| Median Home Value | $150,532 |
| Average Home Value | $192,070 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
273
Multi-Family
0
Businesses
43
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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