1038 38 1/2 Ave WWest FargoND58078
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
Investment property for sale in West Fargo at 1038 38 1/2 Ave W, West Fargo, ND, 58078 uses $88,842 cash to close to unlock $4,016/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $1,966/mo, and a $1,312/mo payment keeps the spread at $335/mo. Purchase price stands at $268,000, and rental yield measures 8.8% with $1,966/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 126.96% and total cumulative return in cash records $112,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,966/mo property income covering a $1,312/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.10 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58078, West Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,811 (100%) |
| Owner Occupied HU | 11,170 (62.7%) |
| Renter Occupied HU | 5,905 (33.2%) |
| Vacant Housing Units | 736 ( 4.1%) |
| Median Home Value | $342,890 |
| Average Home Value | $396,492 |
Housing Distribution
Address Breakdown
Residential
17,620
Single Family
12,590
Multi-Family
5,030
Businesses
1,238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sue Borud • Beyond Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6799952