2449 Madison Square Dr SFargoND58104
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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 2449 Madison Square Dr S, Fargo, ND, 58104 uses $116,688 cash to close to unlock $10,710/yr annual cash flow and $893/mo monthly cash flow. Total monthly income runs $3,035/mo, and a $1,723/mo payment keeps the spread at $893/mo. Purchase price stands at $352,000, and rental yield measures 10.35% with $3,035/mo rent. Return on cash invested shows 29.09% in year one, and 5% annual appreciation builds toward $97,251 over five years. Five-year ROI reaches 151.94% and total cumulative return in cash records $177,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,035/mo property income covering a $1,723/mo payment rather than investor’s personal income.
Single Family
Built in 1998
4,356 sqft lot
$N/A/sqft
No 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: Tammy Askew • REALTY XPERTS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6784974