401 3rd Ave SFairmountND58030
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing401 3rd Ave S, Fairmount, ND, 58030 in Fairmount is a stable, well-positioned rental at $220,000. Rental yield 6.3%. DSCR 1.17 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $60,782 in value and $2,026/yr in principal paydown builds equity, a total projected return of $71,570.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 6.2% |
| Monthly Cash Flow | $(183) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,156 |
| Total Monthly Debt Service | $1,251 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
9,583 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
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
Single Family
Built in 1910
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GFBMLS
Mls ID: #26-211