1610 2nd Ave 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
Investment property for sale in Fargo at 1610 2nd Ave S, Fargo, ND, 58103 earns $341/mo cash flow from $1,813/mo rent with a $1,184/mo payment. Total monthly income totals $1,813/mo, and annual cash flow totals $4,089/yr on $80,190 capital. ROI tracks 25.01% on current figures, and rental yield reads 8.99% at a $241,900 purchase. Equity gained on principal adds $1,561/yr, and 5% annual appreciation supports $66,833 over five years. Five-year ROI reaches 130.04% and total cumulative return in cash sums $104,279. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,813/mo property income instead of your personal income.
Single Family
Built in 1954
7,405 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
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Listed by: Jess Wilde • Beyond Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6758311