360 32nd Ave W #503West 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
Total monthly income runs $1,642/mo, and a $1,493/mo payment. Purchase price stands at $305,000, and rental yield measures 6.46% with $1,642/mo rent. Return on cash invested shows 13.76% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 71.09% and total cumulative return in cash records $71,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,642/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 2022
0.56 Acres lot
$N/A/sqft
$227 monthly 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: Taryn Pallen • Trilogy Real Estate
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6568074
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.