703 Oak 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 703 Oak St N, Fargo, ND, 58102 priced at $224,900 converts $1,943/mo rent into $572/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,943/mo, and annual cash flow totals $6,865/yr on $74,554 invested. Return on cash invested prints 29.12% in year one, and rental yield reads 10.37% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 152.15% and total cumulative return in cash sums $113,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,943/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1916
5,227 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: Bill Kieffer • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6721473
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