3512 40th Ave SPrairie RoseND58104
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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 Prairie Rose at 3512 40th Ave S, Prairie Rose, ND, 58104 offers a 7.97% rental yield on a $475,000 purchase with $3,156/mo rent. Total monthly income registers $3,156/mo, and a $2,325/mo payment leaves $265/mo available for distribution. Annual cash flow reaches $3,180/yr on $157,463 to close, and return on cash invested stands at 21.93% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 113.52% and total cumulative return in cash at $178,759. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,156/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
1 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: Darin Milbrath • Dakota Plains Realty
Mls Name: Great North MLS
Mls ID: #4023296