1320 1st Ave SFargoND58103
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1320 1st Ave S, Fargo, ND, 58103 in Fargo speaks for itself: 17.78% gross on a $140,000 price, generating $2,075/mo in rent and $1,214/mo in net income after the $630/mo debt service. DSCR 3.29, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,564 stacks alongside $38,679 in projected five-year appreciation and $1,289/yr in principal reduction. Projected total cumulative return: $131,208.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.8% | 7.2% |
| Monthly Cash Flow | $1,214 | $450 |
City averages based on Fargo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,075 |
| Total Monthly Debt Service | $805 |
| DSCR Ratio | 2.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58103, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,913 (100%) |
| Owner Occupied HU | 9,697 (37.4%) |
| Renter Occupied HU | 14,163 (54.7%) |
| Vacant Housing Units | 2,053 ( 7.9%) |
| Median Home Value | $259,272 |
| Average Home Value | $322,801 |
Housing Distribution
Address Breakdown
Residential
23,421
Single Family
10,596
Multi-Family
12,825
Businesses
2,042
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
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58103, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,913 (100%) |
| Owner Occupied HU | 9,697 (37.4%) |
| Renter Occupied HU | 14,163 (54.7%) |
| Vacant Housing Units | 2,053 ( 7.9%) |
| Median Home Value | $259,272 |
| Average Home Value | $322,801 |
Housing Distribution
Address Breakdown
Residential
23,421
Single Family
10,596
Multi-Family
12,825
Businesses
2,042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices