2711 12th St S #A-2FargoND58103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2711 12th St S #A-2, Fargo, ND, 58103 listed at $179,000 pairs $1,230/mo rent with a $876/mo payment to leave $141/mo cash flow. Total monthly income runs $1,230/mo, and annual cash flow reaches $1,688/yr on $59,339 cash to close. Return on cash invested measures 22.75% in year one, and rental yield registers 8.25% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 117.99% and total cumulative return in cash totals $70,011. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,230/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58103, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,913 (100%) |
| Owner Occupied HU | 9,697 (37.4%) |
| Renter Occupied HU | 14,163 (54.7%) |
| Vacant Housing Units | 2,053 ( 7.9%) |
| Median Home Value | $259,272 |
| Average Home Value | $322,801 |
Housing Distribution
Address Breakdown
Residential
23,421
Single Family
10,596
Multi-Family
12,825
Businesses
2,042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cathy Hanson • Archer Real Estate Services
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6735490