108 E 15th StGraftonND58237
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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 Grafton at 108 E 15th St, Grafton, ND, 58237 uses $81,715 cash to close to unlock $4,347/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,862/mo, and a $1,206/mo payment keeps the spread at $362/mo. Purchase price stands at $246,500, and rental yield measures 9.06% with $1,862/mo rent. Return on cash invested shows 25.23% in year one, and 5% annual appreciation builds toward $68,103 over five years. Five-year ROI reaches 131.27% and total cumulative return in cash records $107,271. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,862/mo property income covering a $1,206/mo payment rather than investor’s personal income.
Single Family
Built in 1967
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58237, Grafton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,438 (100%) |
| Owner Occupied HU | 1,497 (61.4%) |
| Renter Occupied HU | 661 (27.1%) |
| Vacant Housing Units | 280 (11.5%) |
| Median Home Value | $170,682 |
| Average Home Value | $186,899 |
Housing Distribution
Address Breakdown
Residential
2,305
Single Family
2,005
Multi-Family
300
Businesses
253
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Listed by: Jean Jiskra • Country Realty, Inc
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-679
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.