111 N 11th StGrand 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
Rental property for sale in Grand Forks at 111 N 11th St, Grand Forks, ND, 58203 generates $1,786/mo in rent and, after a $1,150/mo payment, leaves $356/mo in cash flow. Total monthly income is $1,786/mo, and annual cash flow is $4,272/yr on $77,903 invested. Return on cash invested sits at 25.39% in year one, and rental yield is 9.12% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 132.09% and total cumulative return in cash sums $102,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,786/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
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: Jonathon Vonesh • KW Inspire Realty Keller Williams
Mls Name: GFBMLS
Mls ID: #26-70