1471 Manvel AveGraftonND58237
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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 1471 Manvel Ave, Grafton, ND, 58237 offers $1,386/mo rent that, after a $874/mo payment, leaves $279/mo cash flow. Total monthly income is $1,386/mo, and annual cash flow is $3,345/yr on $59,173 cash. Return on cash invested measures 25.56% in year one, and rental yield stands at 9.32% at a $178,500 entry. Equity gained on principal adds $1,152/yr while 5% annual appreciation compounds into $49,316 by year five. Five-year ROI records 133.2% and total cumulative return in cash reaches $78,818. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,386/mo property income versus a $874/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
6,969 sqft 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: Mary Jaster • KW Inspire Realty Keller Williams
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-556
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.