1462 9th St 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 1462 9th St N, Fargo, ND, 58102 uses $78,897 cash to close to unlock $10,080/yr annual cash flow and $840/mo monthly cash flow. Total monthly income runs $2,383/mo, and a $1,165/mo payment keeps the spread at $840/mo. Purchase price stands at $238,000, and rental yield measures 12.02% with $2,383/mo rent. Return on cash invested shows 32.68% in year one, and 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 171.73% and total cumulative return in cash records $135,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,383/mo property income covering a $1,165/mo payment rather than investor’s personal income.
Single Family
Built in 1946
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: Kaden Monsebroten • Prime Realty
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6606575
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.