1317 1st Ave 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 1317 1st Ave N, Fargo, ND, 58102 earns $491/mo cash flow from $1,404/mo rent with a $734/mo payment. Total monthly income totals $1,404/mo, and annual cash flow totals $5,895/yr on $49,725 capital. ROI tracks 31.76% on current figures, and rental yield reads 11.23% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 166.36% and total cumulative return in cash sums $82,722. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,404/mo property income instead of your personal income.
Multi Family
Built in 1906
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: Caitlyn Christianson • REALTY XPERTS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004792