6311 93rd Ave NWRossND58776
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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 Ross at 6311 93rd Ave NW, Ross, ND, 58776 generates $1,127/mo in rent and, after a $734/mo payment, leaves $214/mo in cash flow. Total monthly income is $1,127/mo, and annual cash flow is $2,572/yr on $49,692 invested. Return on cash invested sits at 25.09% in year one, and rental yield is 9.02% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 130.52% and total cumulative return in cash sums $64,859. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,127/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58776, Ross, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 208 (100%) |
| Owner Occupied HU | 122 (58.7%) |
| Renter Occupied HU | 23 (11.1%) |
| Vacant Housing Units | 63 (30.3%) |
| Median Home Value | $380,769 |
| Average Home Value | $482,398 |
Housing Distribution
Address Breakdown
Residential
82
Single Family
82
Multi-Family
0
Businesses
15
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Listed by: DREW WIERSON • Maven Real Estate
Mls Name: Minot MLS
Mls ID: #251735