503 N 4th StGrand ForksND58203
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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 503 N 4th St, Grand Forks, ND, 58203 with 5% annual appreciation on a $120,000 basis while $915/mo rent supports operations. Total monthly income totals $915/mo and a $587/mo payment preserves $168/mo for cash returns. Annual cash flow comes to $2,012/yr on $39,780 deployed, and return on cash invested reaches 24.97% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 9.15%. Five-year ROI measures 130.03% and total cumulative return in cash totals $51,727.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $915/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1883
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58203, Grand Forks, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,325 (100%) |
| Owner Occupied HU | 3,013 (36.2%) |
| Renter Occupied HU | 4,169 (50.1%) |
| Vacant Housing Units | 1,143 (13.7%) |
| Median Home Value | $211,585 |
| Average Home Value | $226,882 |
Housing Distribution
Address Breakdown
Residential
7,267
Single Family
4,816
Multi-Family
2,451
Businesses
625
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Listed by: Paula Monette • Oxford Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-302
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.