901 3rd St SEMinotND58701
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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
Investment property for sale in Minot at 901 3rd St SE, Minot, ND, 58701 listed at $359,900 pairs $2,948/mo rent with a $1,762/mo payment to leave $757/mo cash flow. Total monthly income runs $2,948/mo, and annual cash flow reaches $9,085/yr on $119,307 cash to close. Return on cash invested measures 27.52% in year one, and rental yield registers 9.83% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 143.58% and total cumulative return in cash totals $171,302. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,948/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
7,623 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58701, Minot, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,808 (100%) |
| Owner Occupied HU | 8,272 (52.3%) |
| Renter Occupied HU | 5,812 (36.8%) |
| Vacant Housing Units | 1,724 (10.9%) |
| Median Home Value | $289,702 |
| Average Home Value | $320,771 |
Housing Distribution
Address Breakdown
Residential
15,462
Single Family
12,730
Multi-Family
2,732
Businesses
1,327
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Listed by: Amy Rogers • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250888
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