2937 Edgewood Dr NFargoND58102
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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 Fargo at 2937 Edgewood Dr N, Fargo, ND, 58102 priced at $335,000 converts $3,162/mo rent into $1,123/mo cash flow after a $1,640/mo obligation. Total monthly income equals $3,162/mo, and annual cash flow totals $13,473/yr on $111,053 invested. Return on cash invested prints 32.04% in year one, and rental yield reads 11.33% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 167.77% and total cumulative return in cash sums $186,308. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,162/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1968
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58102, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,460 (100%) |
| Owner Occupied HU | 6,907 (39.6%) |
| Renter Occupied HU | 8,453 (48.4%) |
| Vacant Housing Units | 2,100 (12.0%) |
| Median Home Value | $273,940 |
| Average Home Value | $333,973 |
Housing Distribution
Address Breakdown
Residential
15,868
Single Family
9,072
Multi-Family
6,796
Businesses
1,384
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Listed by: Aaron A. Greterman • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6791601