712 7th 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
Rental property for sale in Fargo at 712 7th Ave N, Fargo, ND, 58102 priced at $119,900 converts $1,183/mo rent into $448/mo cash flow after a $587/mo obligation. Total monthly income equals $1,183/mo, and annual cash flow totals $5,370/yr on $39,747 invested. Return on cash invested prints 33.42% in year one, and rental yield reads 11.84% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 175.29% and total cumulative return in cash sums $69,672. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,183/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1903
1,306 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: Nathan Larson • Park Co., REALTORS
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6556550
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.