919 3rd St NEMinotND58703
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 919 3rd St NE, Minot, ND, 58703 uses $92,787 cash to close to unlock $3,233/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,973/mo, and a $1,370/mo payment keeps the spread at $269/mo. Purchase price stands at $279,900, and rental yield measures 8.46% with $1,973/mo rent. Return on cash invested shows 23.39% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 121.43% and total cumulative return in cash records $112,669. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,973/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1928
6,969 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: Natosha Gartner • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250786
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