2383 58th Ave S UNIT AFargoND58104
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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 2383 58th Ave S UNIT A, Fargo, ND, 58104 uses $82,842 cash to close to unlock $2,858/yr annual cash flow and $238/mo monthly cash flow. Total monthly income runs $1,934/mo, and a $1,223/mo payment keeps the spread at $238/mo. Purchase price stands at $249,900, and rental yield measures 9.29% with $1,934/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 122.17% and total cumulative return in cash records $101,210. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,934/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Townhouse
Built in 2001
0.10 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58104, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,395 (100%) |
| Owner Occupied HU | 10,926 (44.8%) |
| Renter Occupied HU | 11,398 (46.7%) |
| Vacant Housing Units | 2,071 ( 8.5%) |
| Median Home Value | $384,872 |
| Average Home Value | $466,708 |
Housing Distribution
Address Breakdown
Residential
24,157
Single Family
12,616
Multi-Family
11,541
Businesses
1,114
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Listed by: Josh Boschee • REAL (1531 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6735935
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