1218 Broadway 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
Rental property for sale in Fargo at 1218 Broadway N, Fargo, ND, 58102 generates $2,352/mo in rent and, after a $1,713/mo payment, leaves $222/mo in cash flow. Total monthly income is $2,352/mo, and annual cash flow is $2,663/yr on $116,025 invested. Return on cash invested sits at 22.2% in year one, and rental yield is 8.06% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 115.01% and total cumulative return in cash sums $133,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,352/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
0.28 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: Jennifer Mansour • Modern Prairie Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6787946