4470 24th Ave S #605FargoND58104
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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 Fargo at 4470 24th Ave S #605, Fargo, ND, 58104 earns from $2,090/mo rent with a $3,108/mo payment. Total monthly income totals $2,090/mo. ROI tracks 9.87% on current figures, and rental yield reads 3.95% at a $634,920 purchase. Equity gained on principal adds $4,097/yr, and 5% annual appreciation supports $175,417 over five years. Five-year ROI reaches 48.82% and total cumulative return in cash sums $101,983. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,090/mo property income instead of your personal income.
Condo
Built in 2024
1.95 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: Josh Hanson • NextHome Legendary Properties
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6587654
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.