1010 University Dr NFargoND58102
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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 Fargo at 1010 University Dr N, Fargo, ND, 58102 offers a 10.44% rental yield on a $199,700 purchase with $1,738/mo rent. Total monthly income registers $1,738/mo, and a $977/mo payment leaves $523/mo available for distribution. Annual cash flow reaches $6,276/yr on $66,201 to close, and return on cash invested stands at 29.39% in year one. Equity gained on principal adds $1,289/yr while 5% annual appreciation supports $55,173 over five years. Portfolio math shows five-year ROI at 153.62% and total cumulative return in cash at $101,698. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,738/mo property income against a $977/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58102, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,460 (100%) |
| Owner Occupied HU | 6,907 (39.6%) |
| Renter Occupied HU | 8,453 (48.4%) |
| Vacant Housing Units | 2,100 (12.0%) |
| Median Home Value | $273,940 |
| Average Home Value | $333,973 |
Housing Distribution
Address Breakdown
Residential
15,868
Single Family
9,072
Multi-Family
6,796
Businesses
1,384
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Listed by: Tina L Kraft • eXp Realty (3240 WF)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6722520