237 11th Ave WWest 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
Investment property for sale in West Fargo at 237 11th Ave W, West Fargo, ND, 58078 offers a 9.2% rental yield on a $289,900 purchase with $2,222/mo rent. Total monthly income registers $2,222/mo, and a $1,419/mo payment leaves $458/mo available for distribution. Annual cash flow reaches $5,490/yr on $96,102 to close, and return on cash invested stands at 25.62% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 133.37% and total cumulative return in cash at $128,169. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,222/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
9,583 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: Jeremy M Qualley • eXp Realty (219 WF)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6816504