601 5th St NFargoND58102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Fargo at 601 5th St N, Fargo, ND, 58102 priced at $244,900 converts $1,642/mo rent into $114/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,642/mo, and annual cash flow totals $1,371/yr on $81,184 invested. Return on cash invested prints 21.6% in year one, and rental yield reads 8.05% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 112% and total cumulative return in cash sums $90,929. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,642/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Multi Family
Built in 1905
2,613 sqft 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: Brad Garcia • Dakota Plains Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6697925
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