61 18th Ave NFargoND58102
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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 61 18th Ave N, Fargo, ND, 58102 at $295,500 posts ROI 27.72% with $638/mo cash flow from $2,476/mo rent. Total monthly income equals $2,476/mo, and annual cash flow records $7,656/yr on $97,958 to close. Return on cash invested measures 27.72% and rental yield reads 10.05% at the current $295,500. Equity gained on principal adds $1,907/yr, and 5% annual appreciation supports $81,641 by year five. Five-year ROI prints 144.77% and total cumulative return in cash totals $141,819.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,476/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
6,534 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: CJ Anderson • Berkshire Hathaway HomeServices Premier Properties
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6599578
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.