3703 Cedar Park RdFairmontMN56031
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 3703 Cedar Park Rd, Fairmont, MN, 56031 listed at $199,000 pairs $2,414/mo rent with a $974/mo payment to leave $1,171/mo cash flow. Total monthly income runs $2,414/mo, and annual cash flow reaches $14,056/yr on $65,969 cash to close. Return on cash invested measures 41.22% in year one, and rental yield registers 14.56% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 217.2% and total cumulative return in cash totals $143,286. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,414/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices