1240 Eastview DrGraftonND58237
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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 Grafton at 1240 Eastview Dr, Grafton, ND, 58237 generates $1,794/mo in rent and, after a $1,162/mo payment, leaves $349/mo in cash flow. Total monthly income is $1,794/mo, and annual cash flow is $4,188/yr on $78,731 invested. Return on cash invested sits at 25.23% in year one, and rental yield is 9.06% on a $237,500 entry. Equity gained on principal adds $1,533/yr, while 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 131.23% and total cumulative return in cash sums $103,317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.26 Acres 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 ID: #25-963