1513 University 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
Rental property for sale in Grand Forks at 1513 University Ave, Grand Forks, ND, 58203 generates $1,448/mo in rent and, after a $832/mo payment, leaves $414/mo in cash flow. Total monthly income is $1,448/mo, and annual cash flow is $4,962/yr on $56,322 invested. Return on cash invested sits at 28.72% in year one, and rental yield is 10.23% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 150% and total cumulative return in cash sums $84,482. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,448/mo property income rather than buyer’s personal income.
Multi Family
Built in 1906
4,791 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: Derek Nolte • TruHome Realty
Mls Name: GFBMLS
Mls ID: #26-12