Franklin Plan, Selkirk 3rd AdditionFargoND58104
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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 Franklin Plan, Selkirk 3rd Addition, Fargo, ND, 58104 priced at $355,240 converts $2,779/mo rent into $617/mo cash flow after a $1,739/mo obligation. Total monthly income equals $2,779/mo, and annual cash flow totals $7,400/yr on $117,762 invested. Return on cash invested prints 26.19% in year one, and rental yield reads 9.39% against a $355,240 entry. Equity gained on principal adds $2,292/yr, while 5% annual appreciation compiles into $98,146 by year five. Five-year ROI reaches 136.41% and total cumulative return in cash sums $160,635. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,779/mo property income covering a $1,739/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A 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: N/A • Jordahl Custom Homes
Mls Name: Jordahl Custom Homes
Mls Provider:
Mls ID: #N/A