2109 Chestnut StGrand 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 2109 Chestnut St, Grand Forks, ND, 58201 priced at $359,000 pairs $2,237/mo rent with $8/mo cash flow after a $1,757/mo payment. Total monthly income equals $2,237/mo, and annual cash flow comes to $99/yr on $119,009 invested. Return on cash invested is 19.99% in year one, and rental yield stands at 7.48% on a $359,000 basis. Equity gained on principal adds $2,317/yr, and 5% annual appreciation accumulates to $99,185 by year five. Five-year ROI measures 103.33% and total cumulative return in cash reaches $122,971. For financing, Ziffy Mortgage’s DSCR program evaluates $2,237/mo property income against a $1,757/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.27 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: N/A • N/A
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