1970 Burlington DrWest FargoND58078
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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 West Fargo at 1970 Burlington Dr, West Fargo, ND, 58078 priced at $649,900 converts $2,770/mo rent into after a $3,181/mo obligation. Total monthly income equals $2,770/mo. Return on cash invested prints 13.41% in year one, and rental yield reads 5.11% against a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,555 by year five. Five-year ROI reaches 67.81% and total cumulative return in cash sums $144,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,770/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58078, West Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,811 (100%) |
| Owner Occupied HU | 11,170 (62.7%) |
| Renter Occupied HU | 5,905 (33.2%) |
| Vacant Housing Units | 736 ( 4.1%) |
| Median Home Value | $342,890 |
| Average Home Value | $396,492 |
Housing Distribution
Address Breakdown
Residential
17,620
Single Family
12,590
Multi-Family
5,030
Businesses
1,238
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Listed by: Jeremy M Qualley • eXp Realty (219 WF)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6795587