906 22nd Ave SGrand 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 906 22nd Ave S, Grand Forks, ND, 58201 offers a 7.43% rental yield on a $329,900 purchase with $2,044/mo rent. Total monthly income registers $2,044/mo, and a $1,615/mo payment leaves $36/mo available for distribution. Annual cash flow reaches $430/yr on $109,362 to close, and return on cash invested stands at 20.3% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 104.83% and total cumulative return in cash at $114,639. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,044/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
9,147 sqft lot
$N/A/sqft
No 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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Listed by: Shawn D. Horn • Crary Real Estate
Mls Name: GFBMLS
Mls ID: #25-987