624 Western AveGraftonND58237
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 Grafton at 624 Western Ave, Grafton, ND, 58237 at $119,500 posts ROI 31.92% with $397/mo cash flow from $1,124/mo rent. Total monthly income equals $1,124/mo, and annual cash flow records $4,759/yr on $39,614 to close. Return on cash invested measures 31.92% and rental yield reads 11.29% at the current $119,500. Equity gained on principal adds $771/yr, and 5% annual appreciation supports $33,016 by year five. Five-year ROI prints 167.17% and total cumulative return in cash totals $66,222.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,124/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1892
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58237, Grafton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,438 (100%) |
| Owner Occupied HU | 1,497 (61.4%) |
| Renter Occupied HU | 661 (27.1%) |
| Vacant Housing Units | 280 (11.5%) |
| Median Home Value | $170,682 |
| Average Home Value | $186,899 |
Housing Distribution
Address Breakdown
Residential
2,305
Single Family
2,005
Multi-Family
300
Businesses
253
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Listed by: Jean Jiskra • Country Realty, Inc
Mls Name: GFBMLS
Mls ID: #25-1762