1481 69th Ave SFargoND58104
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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 1481 69th Ave S, Fargo, ND, 58104 generates $2,585/mo in rent and, after a $1,461/mo payment, leaves $768/mo in cash flow. Total monthly income is $2,585/mo, and annual cash flow is $9,219/yr on $98,953 invested. Return on cash invested sits at 29.23% in year one, and rental yield is 10.39% on a $298,500 entry. Equity gained on principal adds $1,926/yr, while 5% annual appreciation builds toward $82,470 over five years. Five-year ROI reaches 152.69% and total cumulative return in cash sums $151,089. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,585/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58104, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,395 (100%) |
| Owner Occupied HU | 10,926 (44.8%) |
| Renter Occupied HU | 11,398 (46.7%) |
| Vacant Housing Units | 2,071 ( 8.5%) |
| Median Home Value | $384,872 |
| Average Home Value | $466,708 |
Housing Distribution
Address Breakdown
Residential
24,157
Single Family
12,616
Multi-Family
11,541
Businesses
1,114
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Listed by: Dan Perrine • James Patrick Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6819736