928 39th 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 928 39th St SE, Minot, ND, 58701 offers a 10.98% rental yield on a $169,900 purchase with $1,554/mo rent. Total monthly income registers $1,554/mo, and a $832/mo payment leaves $520/mo available for distribution. Annual cash flow reaches $6,234/yr on $56,322 to close, and return on cash invested stands at 30.98% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 162.1% and total cumulative return in cash at $91,298. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,554/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
4,051 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: Rachel Gaddie • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251481