1122 13th Ave SEEast Grand ForksMN56721
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 1122 13th Ave SE, East Grand Forks, MN, 56721 in East Grand Forks is a conservative rental investment at $349,900. Rental yield 6.57%. A 1.22 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $96,671; $3,223/yr in principal paydown supplements. Total projected return: $115,486.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 7.0% |
| Monthly Cash Flow | $(269) | $350 |
City averages based on East Grand Forks market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,916 |
| Total Monthly Debt Service | $2,046 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Wagner • Crary Real Estate
Mls Name: GFBMLS
Mls ID: #26-68