505 Oak St N #505FargoND58102
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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 505 Oak St N #505, Fargo, ND, 58102 earns $942/mo cash flow from $2,483/mo rent with a $1,181/mo payment. Total monthly income totals $2,483/mo, and annual cash flow totals $11,304/yr on $79,958 capital. ROI tracks 34.05% on current figures, and rental yield reads 12.35% at a $241,200 purchase. Equity gained on principal adds $1,556/yr, and 5% annual appreciation supports $66,639 over five years. Five-year ROI reaches 178.98% and total cumulative return in cash sums $143,107. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,483/mo property income instead of your personal income.
Home Type Unknown
Built in N/A
N/A 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: N/A • N/A
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Mls ID: #N/A