3260 40th Ave S Unit CFargoND58104
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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 3260 40th Ave S Unit C, Fargo, ND, 58104 offers a 8.27% rental yield on a $389,999 purchase with $2,688/mo rent. Total monthly income registers $2,688/mo, and a $1,909/mo payment leaves $314/mo available for distribution. Annual cash flow reaches $3,771/yr on $129,285 to close, and return on cash invested stands at 22.83% in year one. Equity gained on principal adds $2,517/yr while 5% annual appreciation supports $107,750 over five years. Portfolio math shows five-year ROI at 118.37% and total cumulative return in cash at $153,032. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,688/mo property income against a $1,909/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2003
0.60 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: Deb Matter • Beyond Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010349