501 Forest Ave N APT EFargoND58102
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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 E, Fargo, ND, 58102 uses $41,404 cash to close to unlock $2,281/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,201/mo, and a $611/mo payment keeps the spread at $190/mo. Purchase price stands at $124,900, and rental yield measures 11.54% with $1,201/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 135.02% and total cumulative return in cash records $55,906. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,201/mo property income covering a $611/mo payment rather than investor’s personal income.
Condo
Built in 1966
0.53 Acres lot
$N/A/sqft
$250 monthly 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: Jeanine Rosenthal • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6782183
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