1808 Oakwood AveFairmontMN56031
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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
Total monthly income runs $2,383/mo, and a $2,095/mo payment. Purchase price stands at $428,104, and rental yield measures 6.68% with $2,383/mo rent. Return on cash invested shows 17.46% in year one, and 5% annual appreciation builds toward $118,277 over five years. Five-year ROI reaches 89.8% and total cumulative return in cash records $127,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,383/mo property income covering a $2,095/mo payment rather than investor’s personal income.
Single Family
Built in 1946
10,018 sqft 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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Listed by: Katie Slater • NextHome at the Lakes
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250555
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