2223 Country Ct NWEast Grand ForksMN56721
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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 East Grand Forks at 2223 Country Ct NW, East Grand Forks, MN, 56721 offers $750/mo rent that, after a $1,109/mo payment. Total monthly income is $750/mo. Return on cash invested measures 9.28% in year one, and rental yield stands at 3.97% at a $226,500 entry. Equity gained on principal adds $1,462/yr while 5% annual appreciation compounds into $62,578 by year five. Five-year ROI records 46% and total cumulative return in cash reaches $34,536. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $750/mo property income versus a $1,109/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1998
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56721, East Grand Forks, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,416 (100%) |
| Owner Occupied HU | 2,823 (63.9%) |
| Renter Occupied HU | 1,263 (28.6%) |
| Vacant Housing Units | 330 ( 7.5%) |
| Median Home Value | $272,630 |
| Average Home Value | $302,999 |
Housing Distribution
Address Breakdown
Residential
4,326
Single Family
3,417
Multi-Family
909
Businesses
329
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Listed by: Alana Erickson • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-606
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.