2518 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
Rental property for sale in Grand Forks at 2518 S 38th St, Grand Forks, ND, 58201 generates $1,020/mo in rent, after a $1,003/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at 15.9% in year one, and rental yield is 5.97% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 81.2% and total cumulative return in cash sums $55,182. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Townhouse
Built in 1996
3,484 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: Kiersten Brutger • Berkshire Hathaway Homeservices Family Rea
Mls Name: GFBMLS
Mls ID: #25-1674