3220 40th Ave S UNIT DFargoND58104
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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 3220 40th Ave S UNIT D, Fargo, ND, 58104 earns $227/mo cash flow from $2,107/mo rent with a $1,512/mo payment. Total monthly income totals $2,107/mo, and annual cash flow totals $2,721/yr on $102,434 capital. ROI tracks 22.57% on current figures, and rental yield reads 8.18% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 116.96% and total cumulative return in cash sums $119,801. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,107/mo property income instead of your personal income.
Townhouse
Built in 2003
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58104, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,395 (100%) |
| Owner Occupied HU | 10,926 (44.8%) |
| Renter Occupied HU | 11,398 (46.7%) |
| Vacant Housing Units | 2,071 ( 8.5%) |
| Median Home Value | $384,872 |
| Average Home Value | $466,708 |
Housing Distribution
Address Breakdown
Residential
24,157
Single Family
12,616
Multi-Family
11,541
Businesses
1,114
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Listed by: Maria Roesch • Dakota Plains Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6702869