916 42nd 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 916 42nd Ave N, Fargo, ND, 58102 uses $212,764 cash to close to unlock $6,965/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $4,522/mo, and a $3,165/mo payment keeps the spread at $580/mo. Purchase price stands at $646,700, and rental yield measures 8.39% with $4,522/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $178,671 over five years. Five-year ROI reaches 121.06% and total cumulative return in cash records $257,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,522/mo property income covering a $3,165/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.32 Acres 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: N/A • N/A
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