1110 3rd Ave N APT 201EFargoND58102
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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
Rental property for sale in Fargo at 1110 3rd Ave N APT 201E, Fargo, ND, 58102 generates $984/mo in rent, after a $832/mo payment. Total monthly income is $984/mo. Return on cash invested sits at 18.83% in year one, and rental yield is 6.95% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 96.97% and total cumulative return in cash sums $54,614. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $984/mo property income rather than buyer’s personal income.
Condo
Built in 1978
1.15 Acres 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: Kari Myhre • Park Co., REALTORS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6739958