607 Main St SMinotND58701
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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 607 Main St S, Minot, ND, 58701 generates $1,817/mo in rent and, after a $929/mo payment, leaves $662/mo in cash flow. Total monthly income is $1,817/mo, and annual cash flow is $7,940/yr on $62,952 invested. Return on cash invested sits at 32.52% in year one, and rental yield is 11.48% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 170.37% and total cumulative return in cash sums $107,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,817/mo property income rather than buyer’s personal income.
Multi Family
Built in 1957
5,227 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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Listed by: ANDREW GUDMUNSON • 701 Realty, Inc.
Mls Name: Minot MLS
Mls ID: #251015