1502 Dyke AveGrand ForksND58203
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
Investment Highlights
Investment property for sale in Grand Forks at 1502 Dyke Ave, Grand Forks, ND, 58203 uses $69,582 cash to close to unlock $4,474/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,650/mo, and a $1,027/mo payment keeps the spread at $373/mo. Purchase price stands at $209,900, and rental yield measures 9.43% with $1,650/mo rent. Return on cash invested shows 26.34% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 137.19% and total cumulative return in cash records $95,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,650/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Multi Family
Built in 1903
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58203, Grand Forks, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,325 (100%) |
| Owner Occupied HU | 3,013 (36.2%) |
| Renter Occupied HU | 4,169 (50.1%) |
| Vacant Housing Units | 1,143 (13.7%) |
| Median Home Value | $211,585 |
| Average Home Value | $226,882 |
Housing Distribution
Address Breakdown
Residential
7,267
Single Family
4,816
Multi-Family
2,451
Businesses
625
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Greenberg • Greenberg Realty
Mls Name: GFBMLS
Mls ID: #25-1630