24 Seward AveGrand ForksND58203
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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 24 Seward Ave, Grand Forks, ND, 58203 at $193,000 posts ROI 32.26% with $658/mo cash flow from $1,878/mo rent. Total monthly income equals $1,878/mo, and annual cash flow records $7,902/yr on $63,980 to close. Return on cash invested measures 32.26% and rental yield reads 11.68% at the current $193,000. Equity gained on principal adds $1,245/yr, and 5% annual appreciation supports $53,322 by year five. Five-year ROI prints 169.28% and total cumulative return in cash totals $108,306.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,878/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1938
6,969 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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Listed by: Jonathon Vonesh • KW Inspire Realty Keller Williams
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-962
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.