816 8th Ave NEMinotND58703
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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 816 8th Ave NE, Minot, ND, 58703 generates $980/mo in rent and, after a $629/mo payment, leaves $198/mo in cash flow. Total monthly income is $980/mo, and annual cash flow is $2,374/yr on $42,598 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.15% on a $128,500 entry. Equity gained on principal adds $829/yr, while 5% annual appreciation builds toward $35,502 over five years. Five-year ROI reaches 132.63% and total cumulative return in cash sums $56,496. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $980/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
2,613 sqft 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
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Listed by: Jenny Lemasters • Maven Real Estate
Mls Name: Minot MLS
Mls ID: #251504