916 12th 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
Investment property for sale in Minot at 916 12th Ave NW, Minot, ND, 58703 uses $64,311 cash to close to unlock $22/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $1,183/mo, and a $950/mo payment keeps the spread at $2/mo. Purchase price stands at $194,000, and rental yield measures 7.32% with $1,183/mo rent. Return on cash invested shows 19.94% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 102.9% and total cumulative return in cash records $66,176. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,183/mo property income covering a $950/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
0.43 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyler Elm • ELITE REAL ESTATE, LLC
Mls Name: Minot MLS
Mls ID: #250776