600 24th Ave SWMinotND58701
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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 600 24th Ave SW, Minot, ND, 58701 generates $1,741/mo in rent, after a $1,395/mo payment. Total monthly income is $1,741/mo. Return on cash invested sits at 19.73% in year one, and rental yield is 7.33% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 101.9% and total cumulative return in cash sums $96,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,741/mo property income rather than buyer’s personal income.
Townhouse
Built in 1987
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58701, Minot, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,808 (100%) |
| Owner Occupied HU | 8,272 (52.3%) |
| Renter Occupied HU | 5,812 (36.8%) |
| Vacant Housing Units | 1,724 (10.9%) |
| Median Home Value | $289,702 |
| Average Home Value | $320,771 |
Housing Distribution
Address Breakdown
Residential
15,462
Single Family
12,730
Multi-Family
2,732
Businesses
1,327
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Listed by: Betsy Fogarty • KW Inspire Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250705
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