924A 28th Ave #303MinotND58701
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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 924A 28th Ave #303, Minot, ND, 58701 earns $109/mo cash flow from $961/mo rent with a $685/mo payment. Total monthly income totals $961/mo, and annual cash flow totals $1,311/yr on $46,377 capital. ROI tracks 22.74% on current figures, and rental yield reads 8.24% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 117.94% and total cumulative return in cash sums $54,699. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $961/mo property income instead of your personal income.
Condo
Built in 1984
N/A 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: ALYX PEDERSON • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251340