2843 Highway 81Grand ForksND58256
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 2843 Highway 81, Grand Forks, ND, 58256 in Grand Forks worth modelling. At $195,000 with a 8.41% gross yield, the $1,367/mo rent leaves $180/mo after the $877/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.56 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $53,875 by year five; $1,796/yr in principal reduction adds further equity. Total projected return: $85,465.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.2% |
| Monthly Cash Flow | $180 | $450 |
City averages based on Grand Forks market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,367 |
| Total Monthly Debt Service | $1,109 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58256, Manvel, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 318 (85.7%) |
| Renter Occupied HU | 32 ( 8.6%) |
| Vacant Housing Units | 21 ( 5.7%) |
| Median Home Value | $227,612 |
| Average Home Value | $252,484 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
283
Multi-Family
0
Businesses
26
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
Single Family
Built in 1930
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58256, Manvel, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 318 (85.7%) |
| Renter Occupied HU | 32 ( 8.6%) |
| Vacant Housing Units | 21 ( 5.7%) |
| Median Home Value | $227,612 |
| Average Home Value | $252,484 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
283
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynda Hartmann • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1212
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.