1523 6th Ave NGrand 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 1523 6th Ave N, Grand Forks, ND, 58203 earns $193/mo cash flow from $1,362/mo rent with a $940/mo payment. Total monthly income totals $1,362/mo, and annual cash flow totals $2,318/yr on $63,648 capital. ROI tracks 23.55% on current figures, and rental yield reads 8.51% at a $191,999 purchase. Equity gained on principal adds $1,239/yr, and 5% annual appreciation supports $53,046 over five years. Five-year ROI reaches 122.31% and total cumulative return in cash sums $77,848. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,362/mo property income instead of your personal income.
Single Family
Built in 1921
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: Larry Hondl • Oxford Realty
Mls Name: GFBMLS
Mls ID: #25-1482