801 Rhinehart Dr SEEast Grand ForksMN56721
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
Rental property for sale in East Grand Forks at 801 Rhinehart Dr SE, East Grand Forks, MN, 56721 priced at $109,900 pairs $846/mo rent with $157/mo cash flow after a $538/mo payment. Total monthly income equals $846/mo, and annual cash flow comes to $1,887/yr on $36,432 invested. Return on cash invested is 25.09% in year one, and rental yield stands at 9.24% on a $109,900 basis. Equity gained on principal adds $709/yr, and 5% annual appreciation accumulates to $30,363 by year five. Five-year ROI measures 130.84% and total cumulative return in cash reaches $47,668. For financing, Ziffy Mortgage’s DSCR program evaluates $846/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1939
1 Acres 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: Blake Christianson (Team Blake Christianson) • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-480
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.