1502 N 4th StGrand ForksND58203
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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 Grand Forks at 1502 N 4th St, Grand Forks, ND, 58203 offers a 12.6% rental yield on a $289,000 purchase with $3,034/mo rent. Total monthly income registers $3,034/mo, and a $1,415/mo payment leaves $1,275/mo available for distribution. Annual cash flow reaches $15,295/yr on $95,804 to close, and return on cash invested stands at 35.87% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 188.34% and total cumulative return in cash at $180,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,034/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
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
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Listed by: Paula Monette • Oxford Realty
Mls Name: GFBMLS
Mls ID: #25-1774