3722 Norman Ct SFargoND58104
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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 Fargo at 3722 Norman Ct S, Fargo, ND, 58104 priced at $484,000 pairs $3,331/mo rent with $240/mo cash flow after a $2,369/mo payment. Total monthly income equals $3,331/mo, and annual cash flow comes to $2,885/yr on $160,446 invested. Return on cash invested is 21.71% in year one, and rental yield stands at 8.26% on a $484,000 basis. Equity gained on principal adds $3,123/yr, and 5% annual appreciation accumulates to $133,720 by year five. Five-year ROI measures 112.75% and total cumulative return in cash reaches $180,900. For financing, Ziffy Mortgage’s DSCR program evaluates $3,331/mo property income against a $2,369/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.26 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: Joshua Boschee • REAL
Mls Name: Great North MLS
Mls ID: #4019168
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.