977 David DrGrand 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 977 David Dr, Grand Forks, ND, 58201 uses $141,804 cash to close to unlock $11,115/yr annual cash flow and $926/mo monthly cash flow. Total monthly income runs $3,530/mo, and a $2,094/mo payment keeps the spread at $926/mo. Purchase price stands at $427,765, and rental yield measures 9.9% with $3,530/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $118,184 over five years. Five-year ROI reaches 144.76% and total cumulative return in cash records $205,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,530/mo property income covering a $2,094/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,098 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: Nate Anderson • Thomsen Homes
Mls Name: GFBMLS
Mls ID: #25-1005