1613 15th Ave NEGrand ForksND58201
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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 1613 15th Ave NE, Grand Forks, ND, 58201 listed at $599,900 pairs $3,923/mo rent with a $2,936/mo payment to leave $272/mo cash flow. Total monthly income runs $3,923/mo, and annual cash flow reaches $3,265/yr on $197,367 cash to close. Return on cash invested measures 21.71% in year one, and rental yield registers 7.85% at a $599,900 basis. Equity gained on principal adds $3,871/yr, and annual property appreciation at 5% supports $165,741 by year five. Five-year ROI tracks 112.37% and total cumulative return in cash totals $221,788. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,923/mo property income relative to a $2,936/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2009
3.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58201, Grand Forks, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,143 (100%) |
| Owner Occupied HU | 9,538 (45.1%) |
| Renter Occupied HU | 10,113 (47.8%) |
| Vacant Housing Units | 1,492 ( 7.1%) |
| Median Home Value | $312,291 |
| Average Home Value | $369,772 |
Housing Distribution
Address Breakdown
Residential
20,432
Single Family
11,507
Multi-Family
8,925
Businesses
1,190
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Listed by: Jack Wadhawan • Crary Real Estate
Mls Name: GFBMLS
Mls ID: #25-1538