1122 13th Ave SEEast Grand ForksMN56721
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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 East Grand Forks at 1122 13th Ave SE, East Grand Forks, MN, 56721 earns from $1,916/mo rent with a $1,713/mo payment. Total monthly income totals $1,916/mo. ROI tracks 17.12% on current figures, and rental yield reads 6.57% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 87.97% and total cumulative return in cash sums $102,042. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,916/mo property income instead of your personal income.
Single Family
Built in 1964
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56721, East Grand Forks, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,416 (100%) |
| Owner Occupied HU | 2,823 (63.9%) |
| Renter Occupied HU | 1,263 (28.6%) |
| Vacant Housing Units | 330 ( 7.5%) |
| Median Home Value | $272,630 |
| Average Home Value | $302,999 |
Housing Distribution
Address Breakdown
Residential
4,326
Single Family
3,417
Multi-Family
909
Businesses
329
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Listed by: Carol Wagner • Crary Real Estate
Mls Name: GFBMLS
Mls ID: #26-68