6205 16th St SFargoND58104
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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
Rental property for sale in Fargo at 6205 16th St S, Fargo, ND, 58104 generates $2,220/mo in rent and, after a $1,588/mo payment, leaves $245/mo in cash flow. Total monthly income is $2,220/mo, and annual cash flow is $2,944/yr on $107,572 invested. Return on cash invested sits at 22.65% in year one, and rental yield is 8.21% on a $324,500 entry. Equity gained on principal adds $2,094/yr, while 5% annual appreciation builds toward $89,653 over five years. Five-year ROI reaches 117.41% and total cumulative return in cash sums $126,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58104, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,395 (100%) |
| Owner Occupied HU | 10,926 (44.8%) |
| Renter Occupied HU | 11,398 (46.7%) |
| Vacant Housing Units | 2,071 ( 8.5%) |
| Median Home Value | $384,872 |
| Average Home Value | $466,708 |
Housing Distribution
Address Breakdown
Residential
24,157
Single Family
12,616
Multi-Family
11,541
Businesses
1,114
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Listed by: Nancy Peterson • Town & Country Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6781445