205 3rd Ave EWest 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 205 3rd Ave E, West Fargo, ND, 58078 priced at $170,000 converts $1,645/mo rent into $610/mo cash flow after a $832/mo obligation. Total monthly income equals $1,645/mo, and annual cash flow totals $7,325/yr on $56,355 invested. Return on cash invested prints 32.91% in year one, and rental yield reads 11.61% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 172.47% and total cumulative return in cash sums $97,197. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,645/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1927
6,969 sqft 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: Brenden O'Meara • Beyond Realty
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6550868
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.