828 6th Ave 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 828 6th Ave NW, Minot, ND, 58703 priced at $165,000 converts $1,614/mo rent into $592/mo cash flow after a $808/mo obligation. Total monthly income equals $1,614/mo, and annual cash flow totals $7,106/yr on $54,698 invested. Return on cash invested prints 32.9% in year one, and rental yield reads 11.74% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 172.57% and total cumulative return in cash sums $94,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,614/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1910
3,920 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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Nearby investment properties with comparable prices
Listed by: Bonnie Domsteen • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250179
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