508 22nd 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
Rental property for sale in Minot at 508 22nd St NW, Minot, ND, 58703 generates $1,218/mo in rent and, after a $710/mo payment, leaves $311/mo in cash flow. Total monthly income is $1,218/mo, and annual cash flow is $3,734/yr on $48,068 invested. Return on cash invested sits at 27.68% in year one, and rental yield is 10.08% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 144.69% and total cumulative return in cash sums $69,548. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,218/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
7,405 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: SAMMY HERSLIP • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #251381
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