OFF_MARKETNeutral Deal38 days on market

1607 5th St SE

1607 5th St SE, Minot, ND 58701, Minot, ND 58701
$359,900
Zestimate®:$358,100

Listing Price

Property image 1
1607 5th St SE, Minot, ND 58701
Loc: Minot, ND
Days Listed
38
Tax Assessed
$260k
Zestimate®
$358k
Market Rate
Lot Size
10,542 sqft
Rent Estimate
$2,331/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

7

Washington Elementary School

PK-5
0.2 mi away
5

Jim Hill Middle School

6-8
1 mi away
6

Minot High School

9-12
1.2 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
5.36%
Total ROI
16.5%
Cash Flow
$-212/mo
DSCR
0.88
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Checking Access...

Haven AI

Analyzing property data...

Checking Access...

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-21Sold$0
2026-05-07Pending sale$359,900$173
2026-05-04Contingent$359,900$173
2026-05-01Listed for sale$359,900$173
2026-04-13Listing removed$359,900$173
2026-04-02Contingent$359,900$173
2026-03-27Listed for sale$359,900$173
2026-03-16Contingent$359,900$173
2026-03-11Price change$359,900$173
2026-02-19Price change$364,900$175
2026-02-03Listed for sale$369,900$178
2023-12-08Sold$0
2023-12-05Pending sale$324,900$156

Tax History

YearProperty TaxTax Assessment
2025$0$260,000
2024$3,206.77$252,000
2023$1,483.99$239,000
2022$0$229,000
2021$1,118.05$222,000
2019$1,078.95$0
2018$1,139.93$96,000
2017$1,212.09$101,500
2016$2,397.07$107,000
2015$2,361.02$107,000
2014$2,361.02$110,500
2013$0$104,900
2012$0$92,100
2011$0$83,850
2010$0$77,250
2009$2,095.37$66,400
2008$2,157.32$56,900
2007$0$55,900
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
3
Sq Ft
2,080
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $359,900Rent Basis: Observed Comp Model ($2,331/mo)State Tax Benchmark: 1% (ND)Hazard Reserve: $105/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.91%

NOI: $17,678/yr

Cash-on-Cash Yield
-5.7%

On $82,777 invested

DSCR Ratio
0.79x

Negative debt coverage

5-Yr Leveraged ROI
+65.6%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (1% of basis)-$217/mo
Homeowner / Hazard Insurance-$105/mo
Vacancy Reserve (5% of rent)-$117/mo
Repairs & Maintenance (10% of rent)-$233/mo
Property Management (8% of rent)-$186/mo
Total Pure Operating Expenses-$858/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,331/mo
Less: Operating Expenses-$858/mo
Net Operating Income (NOI)+$1,473/mo
Less: Debt Service (30yr @ 6.75%)-$1,867/mo
Net Cash Flow
$-394/mo
$-4,731/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

Similar Properties Nearby

Explore other investment opportunities in Minot.