611 3rd St NWMinotND58703
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 611 3rd St NW, Minot, ND, 58703 generates $1,436/mo in rent, after a $2,824/mo payment. Total monthly income is $1,436/mo. Return on cash invested sits at 5.14% in year one, and rental yield is 2.99% on a $577,000 entry. Equity gained on principal adds $3,723/yr, while 5% annual appreciation builds toward $159,414 over five years. Five-year ROI reaches 24.12% and total cumulative return in cash sums $45,795. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,436/mo property income rather than buyer’s personal income.
Multi Family
Built in 2014
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A