3217 Cherry Ln 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
Investment property for sale in Fargo at 3217 Cherry Ln N, Fargo, ND, 58102 earns $433/mo cash flow from $1,589/mo rent with a $930/mo payment. Total monthly income totals $1,589/mo, and annual cash flow totals $5,191/yr on $62,985 capital. ROI tracks 28.15% on current figures, and rental yield reads 10.04% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 146.93% and total cumulative return in cash sums $92,544. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,589/mo property income instead of your personal income.
Townhouse
Built in 1973
2.94 Acres 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: Jeffrey Hagel • Jeff Hagel
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6819651