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$285,000

For Sale - Active
508 19th Ave W Unit C, West Fargo, ND 58078
3 Beds
3 Baths
1,694 Square Feet
0.08 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Aug 24, 2025 at 10:07AM

Investment Summary


Monthly Cash Flow
-$496
Cap Rate
3.6%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.8%

Property Description


0.08 Acres Lot
Built in 2004
For Sale - Active
Units n/a

Charming three-bedroom, three-bathroom home in the heart of West Fargo, nestled next to Elmwood Park in West Fargo! This slab-on-grade home has heated floors, an open-concept kitchen/ dining area, is all about easy living and convenient location! All of the bedrooms are on the same floor as the laundry room, and features a lofted space that can be used as an office or an additional living space! The private primary even has it's own wing! This home is well-maintained inside and outside and is move-in ready! With a small HOA Fee, enjoy stress-free living with no yard work or snow to maintain! Close to parks, walking paths, schools and shopping this home is all about location! Call your Favorite Realtor today for your private showing!

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Location


Property Details


Parking

  • Description: Attached Garage, Floor Drain, Finished Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Other

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $261/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 02055100040003
  • Lot Size: 3484 sqft

Property Information

  • Property Type: Condominium
  • Style: (CC) Low Rise (3- Levels)
  • Year Built: 2004

Tax Information

  • Annual Tax: $3,192

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Radiant Floor
  • Cooling: Central Air

Location

  • County: Cass

Listing Details


Listed by:
Tammy Askew
REALTY XPERTS
(701) 261-2082

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6740560
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$496
Cap Rate
3.6%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.8%

Purchase Details

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Purchase price:
$285,000
Amount financed:
-$228,000
Down payment:
$57,000
Closing costs:
$8,550
Rehab costs:
$0
Initial cash invested:
$65,550
Square feet:
1,694
Cost per square foot:
$168
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$228,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,349
Property tax:
$266
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,755

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$266-$3,192
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (13%)
13%-$261-$3,132
Total operating expenses: (51%)
51%-$1,027-$12,324

Cash Flow


Monthly Yearly
Net operating income:
$853 $10,236
Mortgage payments:
-$1,349 -$16,188
Cash flow:
$496 $5,952