1019 College St 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 1019 College St N, Fargo, ND, 58102 uses $122,655 cash to close to unlock $2,689/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $2,476/mo, and a $1,811/mo payment keeps the spread at $224/mo. Purchase price stands at $370,000, and rental yield measures 8.03% with $2,476/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 114.49% and total cumulative return in cash records $140,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,476/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Multi Family
Built in 1990
6,969 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: Terri J Borgen • Modern Property Real Estate LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826896