600 2nd St SEMinotND58701
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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
Investment property for sale in Minot at 600 2nd St SE, Minot, ND, 58701 offers a 21.05% rental yield on a $114,000 purchase with $2,000/mo rent. Total monthly income registers $2,000/mo, and a $558/mo payment leaves $1,265/mo available for distribution. Annual cash flow reaches $15,182/yr on $37,791 to close, and return on cash invested stands at 60.08% in year one. Equity gained on principal adds $736/yr while 5% annual appreciation supports $31,496 over five years. Portfolio math shows five-year ROI at 318.7% and total cumulative return in cash at $120,439. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,000/mo property income against a $558/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
6,098 sqft 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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