117 Broadway N APT 209FargoND58102
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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 117 Broadway N APT 209, Fargo, ND, 58102 uses $65,969 cash to close to unlock $4,870/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $1,617/mo, and a $974/mo payment keeps the spread at $406/mo. Purchase price stands at $199,000, and rental yield measures 9.75% with $1,617/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 142.31% and total cumulative return in cash records $93,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,617/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1911
0.71 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: Elizabeth Nelson • Park Co., REALTORS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6701024