501 Forest Ave N APT CFargoND58102
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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 501 Forest Ave N APT C, Fargo, ND, 58102 at $119,900 posts ROI 33.95% with $465/mo cash flow from $1,195/mo rent. Total monthly income equals $1,195/mo, and annual cash flow records $5,581/yr on $39,747 to close. Return on cash invested measures 33.95% and rental yield reads 11.96% at the current $119,900. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 by year five. Five-year ROI prints 178.13% and total cumulative return in cash totals $70,800.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,195/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1966
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58102, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,460 (100%) |
| Owner Occupied HU | 6,907 (39.6%) |
| Renter Occupied HU | 8,453 (48.4%) |
| Vacant Housing Units | 2,100 (12.0%) |
| Median Home Value | $273,940 |
| Average Home Value | $333,973 |
Housing Distribution
Address Breakdown
Residential
15,868
Single Family
9,072
Multi-Family
6,796
Businesses
1,384
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Listed by: Roland Kovalenoks • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6805029