1581 Meadowlark LnFairmontMN56031
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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 Fairmont at 1581 Meadowlark Ln, Fairmont, MN, 56031 generates $2,251/mo in rent and, after a $1,368/mo payment, leaves $506/mo in cash flow. Total monthly income is $2,251/mo, and annual cash flow is $6,068/yr on $92,654 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 9.66% on a $279,500 entry. Equity gained on principal adds $1,804/yr, while 5% annual appreciation builds toward $77,221 over five years. Five-year ROI reaches 138.04% and total cumulative return in cash sums $127,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,251/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56031, Fairmont, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,928 (100%) |
| Owner Occupied HU | 3,642 (61.4%) |
| Renter Occupied HU | 1,745 (29.4%) |
| Vacant Housing Units | 541 ( 9.1%) |
| Median Home Value | $198,708 |
| Average Home Value | $255,511 |
Housing Distribution
Address Breakdown
Residential
5,694
Single Family
4,818
Multi-Family
876
Businesses
565
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