1914 23rd 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
Rental property for sale in Grand Forks at 1914 23rd Ave S, Grand Forks, ND, 58201 generates $1,505/mo in rent and, after a $974/mo payment, leaves $294/mo in cash flow. Total monthly income is $1,505/mo, and annual cash flow is $3,526/yr on $65,969 invested. Return on cash invested sits at 25.25% in year one, and rental yield is 9.08% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 131.38% and total cumulative return in cash sums $86,670. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,505/mo property income rather than buyer’s personal income.
Multi Family
Built in 1978
3,920 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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Listed by: Amber Flynn • Real Broker, LLC (Grand Forks)
Mls Name: GFBMLS
Mls ID: #25-1752