3028 Ridge Dr EWest FargoND58078
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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 West Fargo at 3028 Ridge Dr E, West Fargo, ND, 58078 listed at $487,500 pairs $2,167/mo rent with a $2,386/mo payment. Total monthly income runs $2,167/mo. Return on cash invested measures 13.97% in year one, and rental yield registers 5.33% at a $487,500 basis. Equity gained on principal adds $3,146/yr, and annual property appreciation at 5% supports $134,687 by year five. Five-year ROI tracks 70.88% and total cumulative return in cash totals $114,547. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,167/mo property income relative to a $2,386/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2012
7,884 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58078, West Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,811 (100%) |
| Owner Occupied HU | 11,170 (62.7%) |
| Renter Occupied HU | 5,905 (33.2%) |
| Vacant Housing Units | 736 ( 4.1%) |
| Median Home Value | $342,890 |
| Average Home Value | $396,492 |
Housing Distribution
Address Breakdown
Residential
17,620
Single Family
12,590
Multi-Family
5,030
Businesses
1,238
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Listed by: Matthew Dehn • KW Inspire Realty Keller Williams
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007487