517 6th St NEMinotND58703
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 517 6th St NE, Minot, ND, 58703 priced at $210,000 converts $2,035/mo rent into $740/mo cash flow after a $1,028/mo obligation. Total monthly income equals $2,035/mo, and annual cash flow totals $8,877/yr on $69,615 invested. Return on cash invested prints 32.66% in year one, and rental yield reads 11.63% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 171.19% and total cumulative return in cash sums $119,176. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,035/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1924
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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Nearby investment properties with comparable prices
Listed by: Micky Venable • eXp Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250326
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