1903 15th Ave SGrand 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 1903 15th Ave S, Grand Forks, ND, 58201 earns $543/mo cash flow from $2,524/mo rent with a $1,512/mo payment. Total monthly income totals $2,524/mo, and annual cash flow totals $6,511/yr on $102,434 capital. ROI tracks 26.27% on current figures, and rental yield reads 9.8% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 137.22% and total cumulative return in cash sums $140,561. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,524/mo property income instead of your personal income.
Single Family
Built in 1964
8,970 sqft 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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