3210 Cherry St #25Grand ForksND58201
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 3210 Cherry St #25, Grand Forks, ND, 58201 earns $240/mo cash flow from $1,153/mo rent with a $734/mo payment. Total monthly income totals $1,153/mo, and annual cash flow totals $2,884/yr on $49,692 capital. ROI tracks 25.71% on current figures, and rental yield reads 9.23% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 133.88% and total cumulative return in cash sums $66,527. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,153/mo property income instead of your personal income.
Condo
Built in 1970
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Marcotte • Berkshire Hathaway Homeservices Family Rea
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-129
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.