1601 9th St SFargoND58103
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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 1601 9th St S, Fargo, ND, 58103 generates $2,636/mo in rent, after a $2,814/mo payment. Total monthly income is $2,636/mo. Return on cash invested sits at 14.58% in year one, and rental yield is 5.5% on a $574,900 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,834 over five years. Five-year ROI reaches 74.12% and total cumulative return in cash sums $140,187. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,636/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.35 Acres 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
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Listed by: David Noah • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008042