1015 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 1015 2nd Ave N, Grand Forks, ND, 58203 uses $48,068 cash to close to unlock $5,751/yr annual cash flow and $479/mo monthly cash flow. Total monthly income runs $1,362/mo, and a $710/mo payment keeps the spread at $479/mo. Purchase price stands at $145,000, and rental yield measures 11.27% with $1,362/mo rent. Return on cash invested shows 31.87% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 166.96% and total cumulative return in cash records $80,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,362/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1913
6,969 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: Zach Finney • Greenberg Realty
Mls Name: GFBMLS
Mls ID: #25-1434