401 3rd Ave SFairmountND58030
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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 401 3rd Ave S, Fairmount, ND, 58030 offers a 4.52% rental yield on a $255,000 purchase with $961/mo rent. 52% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 57.77% and total cumulative return in cash at $48,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $961/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
9,750 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: N/A • N/A
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