300 Main Ave #603FargoND58103
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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 300 Main Ave #603, Fargo, ND, 58103 uses $120,998 cash to close to unlock $48/yr annual cash flow and $4/mo monthly cash flow. Total monthly income runs $2,225/mo, and a $1,786/mo payment keeps the spread at $4/mo. Purchase price stands at $365,000, and rental yield measures 7.32% with $2,225/mo rent. Return on cash invested shows 19.95% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 102.95% and total cumulative return in cash records $124,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,225/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 2023
2.46 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
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Listed by: Tyler Lindell • REAL (1531 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6719506