2476 S 38th 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
Investment property for sale in Grand Forks at 2476 S 38th St, Grand Forks, ND, 58201 uses $67,593 cash to close to unlock $4,356/yr annual cash flow and $363/mo monthly cash flow. Total monthly income runs $1,604/mo, and a $998/mo payment keeps the spread at $363/mo. Purchase price stands at $203,900, and rental yield measures 9.44% with $1,604/mo rent. Return on cash invested shows 26.35% in year one, and 5% annual appreciation builds toward $56,334 over five years. Five-year ROI reaches 137.33% and total cumulative return in cash records $92,828. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,604/mo property income covering a $998/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
871.20 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: Larry Hondl • Oxford Realty
Mls Name: GFBMLS
Mls ID: #25-1070