102 4th St NFairmountND58030
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fairmount at 102 4th St N, Fairmount, ND, 58030 offers $1,372/mo rent that, after a $881/mo payment, leaves $277/mo cash flow. Total monthly income is $1,372/mo, and annual cash flow is $3,318/yr on $59,670 cash. Return on cash invested measures 25.47% in year one, and rental yield stands at 9.15% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 132.56% and total cumulative return in cash reaches $79,097. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,372/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.19 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58030, Fairmount, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 318 (100%) |
| Owner Occupied HU | 251 (78.9%) |
| Renter Occupied HU | 35 (11.0%) |
| Vacant Housing Units | 32 (10.1%) |
| Median Home Value | $146,371 |
| Average Home Value | $185,717 |
Housing Distribution
Address Breakdown
Residential
194
Single Family
176
Multi-Family
18
Businesses
24
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Listed by: Kevin Kasprick • Dakota Plains Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6798824