3802 Cherry St APT E17Grand 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 3802 Cherry St APT E17, Grand Forks, ND, 58201 uses $67,924 cash to close to unlock $3,466/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,786/mo, and a $1,003/mo payment keeps the spread at $289/mo. Purchase price stands at $204,900, and rental yield measures 10.46% with $1,786/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 131.67% and total cumulative return in cash records $89,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,786/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Townhouse
Built in 1976
6,547 sqft lot
$N/A/sqft
$250 monthly 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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