232 S Dewey St APT 108FairmontMN56031
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
Investment property for sale in Fairmont at 232 S Dewey St APT 108, Fairmont, MN, 56031 earns $638/mo cash flow from $1,549/mo rent with a $538/mo payment. Total monthly income totals $1,549/mo, and annual cash flow totals $7,650/yr on $36,465 capital. ROI tracks 40.89% on current figures, and rental yield reads 16.9% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 218.15% and total cumulative return in cash sums $79,548. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,549/mo property income instead of your personal income.
Condo
Built in 1983
43.56 sqft lot
$N/A/sqft
$225 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Kreiss • EXIT Realty - Great Plains
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6734503
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-18 22:33:25 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)