OFF_MARKETNeutral Deal120 days on market
1948 3rd St NW
1948 3rd St NW, Minot, ND 58703, Minot, ND 58703
1948 3rd St NW, Minot, ND 58703
Loc: Minot, ND
Days Listed
120
Tax Assessed
$213k
Zestimate®
$233k
3% Under Valued
Lot Size
8,276 sqft
Rent Estimate
$2,024/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.
5
Lewis And Clark Elementary School
PK-5
0.6 mi away
5
Erik Ramstad Middle School
6-8
1.5 mi away
N/A
Souris River Campus Alternative High School
9-12
1.1 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
5.06%
Total ROI
15.0%
Cash Flow
$-188/mo
DSCR
0.83
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
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-24 | Sold | $0 | – |
| 2026-05-29 | Pending sale | $235,000 | $110 |
| 2026-05-07 | Contingent | $235,000 | $110 |
| 2026-04-30 | Listed for sale | $235,000 | $110 |
| 2026-03-31 | Listing removed | $225,000 | $106 |
| 2025-11-13 | Listed for sale | $225,000 | $106 |
| 2025-11-02 | Listing removed | $235,000 | $110 |
| 2025-09-23 | Listed for sale | $235,000 | $110 |
| 2025-09-02 | Pending sale | $235,000 | $110 |
| 2025-08-12 | Price change | $235,000 | $110 |
| 2025-07-23 | Listed for sale | $250,000 | $117 |
| 2025-07-02 | Listing removed | $250,000 | $117 |
| 2025-01-31 | Price change | $250,000 | $117 |
| 2024-12-16 | Price change | $255,000 | $120 |
| 2024-11-06 | Listed for sale | $260,000 | $122 |
| 2022-11-22 | Price change | $1,500 | $1 |
| 2022-10-17 | Listed for rent | $1,400 | $1 |
| 2021-10-31 | Listing removed | $0 | – |
| 2021-10-15 | Listed for rent | $1,200 | $1 |
| 2019-12-04 | Sold | $0 | – |
| 2019-12-03 | Pending sale | $182,000 | $85 |
| 2019-10-28 | Price change | $182,000 | $85 |
| 2019-10-14 | Pending sale | $179,900 | $84 |
| 2019-08-06 | Price change | $179,900 | $84 |
| 2019-07-11 | Price change | $184,900 | $87 |
| 2019-06-23 | Listed for sale | $189,900 | $89 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $213,000 |
| 2024 | $3,024.32 | $207,000 |
| 2023 | $3,046.07 | $195,000 |
| 2022 | $0 | $183,000 |
| 2021 | $2,494.13 | $174,000 |
| 2019 | $2,553.01 | $0 |
| 2018 | $2,628.17 | $83,000 |
| 2017 | $3,052.11 | $104,500 |
| 2016 | $2,531.49 | $113,000 |
| 2015 | $1,824.52 | $113,000 |
| 2014 | $1,824.52 | $73,500 |
| 2013 | $0 | $72,700 |
| 2012 | $0 | $66,850 |
| 2011 | $0 | $63,300 |
| 2010 | $0 | $59,700 |
| 2009 | $1,713.53 | $54,300 |
| 2008 | $1,907.09 | $50,300 |
| 2007 | $0 | $49,400 |
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: $225,000Rent Basis: Observed Comp Model ($2,024/mo)State Tax Benchmark: 1% (ND)Hazard Reserve: $100/mo
Haven ScoreNeutral
4/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
6.83%
NOI: $15,372/yr
Cash-on-Cash Yield
2.6%
On $51,750 invested
DSCR Ratio
1.10x
Tight qualification
5-Yr Leveraged ROI
+107.4%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (1% of basis)-$178/mo
Homeowner / Hazard Insurance-$100/mo
Vacancy Reserve (5% of rent)-$101/mo
Repairs & Maintenance (10% of rent)-$202/mo
Property Management (8% of rent)-$162/mo
Total Pure Operating Expenses-$743/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,024/mo
Less: Operating Expenses-$743/mo
Net Operating Income (NOI)+$1,281/mo
Less: Debt Service (30yr @ 6.75%)-$1,167/mo
Net Cash Flow
$114/mo
$1,362/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
Similar Properties Nearby
Explore other investment opportunities in Minot.