4249 51st St SFargoND58104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fargo at 4249 51st St S, Fargo, ND, 58104 uses $88,511 cash to close to unlock $9,226/yr annual cash flow and $769/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,307/mo payment keeps the spread at $769/mo. Purchase price stands at $267,000, and rental yield measures 10.76% with $2,394/mo rent. Return on cash invested shows 30.33% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 158.61% and total cumulative return in cash records $140,383. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,307/mo payment rather than investor’s personal income.
Condo
Built in 2010
2,613 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Derek Brandenburg • eXp Realty (3788 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6756080