6361 24th St NWRyderND58779
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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
Total monthly income runs $904/mo, and a $3,353/mo payment. Purchase price stands at $685,000, and rental yield measures 1.58% with $904/mo rent. Return on cash invested shows 2.67% in year one, and 5% annual appreciation builds toward $189,253 over five years. Five-year ROI reaches 10.24% and total cumulative return in cash records $23,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $904/mo property income covering a $3,353/mo payment rather than investor’s personal income.
Single Family
Built in 2013
6.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58779, Ryder, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 268 (100%) |
| Owner Occupied HU | 138 (51.5%) |
| Renter Occupied HU | 40 (14.9%) |
| Vacant Housing Units | 90 (33.6%) |
| Median Home Value | $219,643 |
| Average Home Value | $244,275 |
Housing Distribution
Address Breakdown
Residential
122
Single Family
122
Multi-Family
0
Businesses
14
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Listed by: Sarah Silvis • eXp Realty
Mls Name: Minot MLS
Mls ID: #251747