338 Cedar LnWest 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
Rental property for sale in West Fargo at 338 Cedar Ln, West Fargo, ND, 58078 priced at $218,000 pairs $1,522/mo rent with $195/mo cash flow after a $1,067/mo payment. Total monthly income equals $1,522/mo, and annual cash flow comes to $2,343/yr on $72,267 invested. Return on cash invested is 23.15% in year one, and rental yield stands at 8.38% on a $218,000 basis. Equity gained on principal adds $1,407/yr, and 5% annual appreciation accumulates to $60,229 by year five. Five-year ROI measures 120.13% and total cumulative return in cash reaches $86,815. For financing, Ziffy Mortgage’s DSCR program evaluates $1,522/mo property income against a $1,067/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
9,147 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: DeDe Heller • Town & Country Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6797006