408 2nd St 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 408 2nd St E, West Fargo, ND, 58078 earns $751/mo cash flow from $2,244/mo rent with a $1,201/mo payment. Total monthly income totals $2,244/mo, and annual cash flow totals $9,007/yr on $81,350 capital. ROI tracks 30.98% on current figures, and rental yield reads 10.97% at a $245,400 purchase. Equity gained on principal adds $1,584/yr, and 5% annual appreciation supports $67,800 over five years. Five-year ROI reaches 162.11% and total cumulative return in cash sums $131,874. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,244/mo property income instead of your personal income.
Single Family
Built in 1947
N/A 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: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #6813236