504 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
Rental property for sale in Minot at 504 8th St NE, Minot, ND, 58703 offers $2,058/mo rent that, after a $1,150/mo payment, leaves $628/mo cash flow. Total monthly income is $2,058/mo, and annual cash flow is $7,537/yr on $77,869 cash. Return on cash invested measures 29.59% in year one, and rental yield stands at 10.51% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 154.69% and total cumulative return in cash reaches $120,453. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,058/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
8,276 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: Gareth Daniel • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250472
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