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$534,000

For Sale - Active
3463 Loberg Dr, West Fargo, ND 58078
5 Beds
3 Baths
3,084 Square Feet
0.16 Acres Lot
Built in 2009
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: May 30, 2025 at 03:34AM

Investment Summary


Monthly Cash Flow
-$1,171
Cap Rate
3.0%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.1%

Property Description


0.16 Acres Lot
Built in 2009
For Sale - Active
Units n/a

Future owners are going to fall in love with this beautifully updated home nestled in a prime location known for its walking paths, scenic ponds, splash pad, and parks! Step inside and be wowed by the thoughtful updates and spacious layout. The main floor boasts brand new laminate flooring throughout, complemented by a newly remodeled master bathroom featuring a walk-in shower, new quartz vanity top, new dual sinks, upgraded fixtures, new tile floor, and a custom closet storage system. The kitchen ft new quartz countertop and updated appliances—gas range, microwave, washer, and dryer! This home offers 3 bedrooms and 2 bathrooms on the main level, plus 2 more bedrooms, a full bath, and a kids’ nook under the stairs—perfect for playtime! New laminate flooring continues in the basement bedrooms. Outdoor living is just as impressive. Enjoy a beautifully landscaped yard with a brand new fence in the back and side, heated garage for those chilly months, and direct access to a park right from your backyard. Whether you're entertaining on the patio or sipping coffee with a view, the setting is simply unbeatable! Don't miss your chance to own this stunning, move-in-ready home!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 17
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Concrete
  • Fireplace: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential (Assumed)

Lot Information

  • Parcel ID: 02507500290000
  • Lot Size: 6969 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 2009

Tax Information

  • Annual Tax: $7,741

Utilities

  • Heating: Forced Air

Location

  • County: Cass

Listing Details


Listed by:
Derek Brandenburg
eXp Realty (3788 FGO)
(701) 354-2725

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6707325
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,171
Cap Rate
3.0%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$534,000
Amount financed:
-$427,200
Down payment:
$106,800
Closing costs:
$16,020
Rehab costs:
$0
Initial cash invested:
$122,820
Square feet:
3,084
Cost per square foot:
$173
Monthly rent per square foot:
$0.94

Financing Details

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Loan amount:
$427,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,527
Property tax:
$645
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,375

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$645-$7,741
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$1,370-$16,441

Cash Flow


Monthly Yearly
Net operating income:
$1,356 $16,272
Mortgage payments:
-$2,527 -$30,324
Cash flow:
$1,171 $14,052