1123 19th St NWEast 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 1123 19th St NW, East Grand Forks, MN, 56721 offers a 6.18% rental yield on a $249,900 purchase with $1,286/mo rent. 93% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 81.63% and total cumulative return in cash at $67,622. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,286/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
8,276 sqft 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: Shawn D. Horn • Crary Real Estate
Mls Name: GFBMLS
Mls ID: #25-1622