1010 University AveGrand 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 1010 University Ave, Grand Forks, ND, 58203 uses $54,664 cash to close to unlock $3,258/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,275/mo, and a $807/mo payment keeps the spread at $271/mo. Purchase price stands at $164,900, and rental yield measures 9.28% with $1,275/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 134.73% and total cumulative return in cash records $73,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,275/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1894
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: Shawn D. Horn • Crary Real Estate
Mls Name: GFBMLS
Mls ID: #25-1384