223 Seward AveGrand ForksND58203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 223 Seward Ave, Grand Forks, ND, 58203 at $259,900 posts ROI 28.2% with $595/mo cash flow from $2,177/mo rent. Total monthly income equals $2,177/mo, and annual cash flow records $7,143/yr on $86,157 to close. Return on cash invested measures 28.2% and rental yield reads 10.05% at the current $259,900. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 by year five. Five-year ROI prints 147.2% and total cumulative return in cash totals $126,826.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,177/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1924
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58203, Grand Forks, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,325 (100%) |
| Owner Occupied HU | 3,013 (36.2%) |
| Renter Occupied HU | 4,169 (50.1%) |
| Vacant Housing Units | 1,143 (13.7%) |
| Median Home Value | $211,585 |
| Average Home Value | $226,882 |
Housing Distribution
Address Breakdown
Residential
7,267
Single Family
4,816
Multi-Family
2,451
Businesses
625
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Nearby investment properties with comparable prices
Listed by: Jessica Rice • Crary Real Estate
Mls Name: GFBMLS
Mls ID: #25-1461