1060 163rd Ave SEGrandinND58038
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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 Grandin at 1060 163rd Ave SE, Grandin, ND, 58038 listed at $479,800 pairs $3,566/mo rent with a $2,348/mo payment to leave $646/mo cash flow. Total monthly income runs $3,566/mo, and annual cash flow reaches $7,755/yr on $159,054 cash to close. Return on cash invested measures 24.78% in year one, and rental yield registers 8.92% at a $479,800 basis. Equity gained on principal adds $3,096/yr, and annual property appreciation at 5% supports $132,560 by year five. Five-year ROI tracks 128.87% and total cumulative return in cash totals $204,974. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,566/mo property income relative to a $2,348/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58038, Grandin, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 128 (100%) |
| Owner Occupied HU | 115 (89.8%) |
| Renter Occupied HU | 6 ( 4.7%) |
| Vacant Housing Units | 7 ( 5.5%) |
| Median Home Value | $344,048 |
| Average Home Value | $354,152 |
Housing Distribution
Address Breakdown
Residential
58
Single Family
58
Multi-Family
0
Businesses
15
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Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #6718268