1602 11th 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 1602 11th St N, Fargo, ND, 58102 uses $58,013 cash to close to unlock $3,666/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,371/mo, and a $857/mo payment keeps the spread at $305/mo. Purchase price stands at $175,000, and rental yield measures 9.4% with $1,371/mo rent. Return on cash invested shows 26.23% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 136.64% and total cumulative return in cash records $79,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,371/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1916
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: Todd Randall • RE/MAX Realty 1
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6734399