610 4th Ave NEEast Grand ForksMN56721
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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 East Grand Forks at 610 4th Ave NE, East Grand Forks, MN, 56721 listed at $154,900 pairs $1,020/mo rent with a $758/mo payment to leave $53/mo cash flow. Total monthly income runs $1,020/mo, and annual cash flow reaches $635/yr on $51,349 cash to close. Return on cash invested measures 21.14% in year one, and rental yield registers 7.9% at a $154,900 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,796 by year five. Five-year ROI tracks 109.55% and total cumulative return in cash totals $56,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,020/mo property income relative to a $758/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56721, East Grand Forks, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,416 (100%) |
| Owner Occupied HU | 2,823 (63.9%) |
| Renter Occupied HU | 1,263 (28.6%) |
| Vacant Housing Units | 330 ( 7.5%) |
| Median Home Value | $272,630 |
| Average Home Value | $302,999 |
Housing Distribution
Address Breakdown
Residential
4,326
Single Family
3,417
Multi-Family
909
Businesses
329
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Listed by: Mark Varriano II • Oxford Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #24-1989
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.