525 6th Ave W APT 7West FargoND58078
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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 West Fargo at 525 6th Ave W APT 7, West Fargo, ND, 58078 offers a 8.45% rental yield on a $172,900 purchase with $1,218/mo rent. Total monthly income registers $1,218/mo, and a $846/mo payment leaves $9/mo available for distribution. Annual cash flow reaches $105/yr on $57,316 to close, and return on cash invested stands at 20.09% in year one. Equity gained on principal adds $1,116/yr while 5% annual appreciation supports $47,769 over five years. Portfolio math shows five-year ROI at 104.9% and total cumulative return in cash at $60,128. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,218/mo property income against a $846/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
3.51 Acres lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58078, West Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,811 (100%) |
| Owner Occupied HU | 11,170 (62.7%) |
| Renter Occupied HU | 5,905 (33.2%) |
| Vacant Housing Units | 736 ( 4.1%) |
| Median Home Value | $342,890 |
| Average Home Value | $396,492 |
Housing Distribution
Address Breakdown
Residential
17,620
Single Family
12,590
Multi-Family
5,030
Businesses
1,238
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Listed by: Rod Richter • eXp Realty (3523 FGO)
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6613420
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.