202 1st St NFairmountND58030
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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
Investment property for sale in Fairmount at 202 1st St N, Fairmount, ND, 58030 offers a 9.53% rental yield on a $115,000 purchase with $913/mo rent. Total monthly income registers $913/mo, and a $563/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,556/yr on $38,123 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 138.65% and total cumulative return in cash at $52,857. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $913/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.31 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: Ben Ferguson • REAL (1531 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6796732