338 13th Ave 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 338 13th Ave E, West Fargo, ND, 58078 offers a 9.46% rental yield on a $145,000 purchase with $1,143/mo rent. Total monthly income registers $1,143/mo, and a $710/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,123/yr on $48,068 to close, and return on cash invested stands at 26.41% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 137.62% and total cumulative return in cash at $66,152. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,143/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
3,484 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: Nick Eisenzimmer • REAL (405 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6779420