1517 9th Ave SFargoND58103
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1517 9th Ave S, Fargo, ND, 58103 in Fargo at $104,900 earns $805/mo in rent and nets $167/mo after the $472/mo payment, a 9.21% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $28,982 over five years. Ziffy Mortgage underwrites this on a 1.71 DSCR without U.S. credit history. With $966/yr in principal paydown, total projected return reaches $50,430.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.2% |
| Monthly Cash Flow | $167 | $450 |
City averages based on Fargo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $805 |
| Total Monthly Debt Service | $597 |
| DSCR Ratio | 1.35x |
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 1921
0.18 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 1921
0.18 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
Listed by: Ryan Hanson • Keller Williams Realty Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6795081