1007 2nd Ave NGrand ForksND58203
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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 Grand Forks at 1007 2nd Ave N, Grand Forks, ND, 58203 earns $118/mo cash flow from $774/mo rent with a $489/mo payment. Total monthly income totals $774/mo, and annual cash flow totals $1,420/yr on $33,150 capital. ROI tracks 24.19% on current figures, and rental yield reads 9.29% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 126.38% and total cumulative return in cash sums $41,896. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $774/mo property income instead of your personal income.
Single Family
Built in 1914
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58203, Grand Forks, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,325 (100%) |
| Owner Occupied HU | 3,013 (36.2%) |
| Renter Occupied HU | 4,169 (50.1%) |
| Vacant Housing Units | 1,143 (13.7%) |
| Median Home Value | $211,585 |
| Average Home Value | $226,882 |
Housing Distribution
Address Breakdown
Residential
7,267
Single Family
4,816
Multi-Family
2,451
Businesses
625
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Listed by: Taylor Mae Olschlager • RE/MAX Grand
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1295
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.