503 3rd St NEFosstonMN56542
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 503 3rd St NE, Fosston, MN, 56542 in Fosston. Priced at $166,000, it generates $1,546/mo in gross rent and $509/mo in net monthly cash flow, a 11.17% yield that comfortably supports the 2.07 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,108. Five-year appreciation: $45,863. Equity from principal paydown: $1,529/yr. Total projected cumulative return: $95,790.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.0% |
| Monthly Cash Flow | $509 | $400 |
City averages based on Fosston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,546 |
| Total Monthly Debt Service | $971 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56542, Fosston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 781 (63.4%) |
| Renter Occupied HU | 277 (22.5%) |
| Vacant Housing Units | 174 (14.1%) |
| Median Home Value | $212,500 |
| Average Home Value | $258,390 |
Housing Distribution
Address Breakdown
Residential
1,176
Single Family
1,052
Multi-Family
124
Businesses
138
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 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56542, Fosston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 781 (63.4%) |
| Renter Occupied HU | 277 (22.5%) |
| Vacant Housing Units | 174 (14.1%) |
| Median Home Value | $212,500 |
| Average Home Value | $258,390 |
Housing Distribution
Address Breakdown
Residential
1,176
Single Family
1,052
Multi-Family
124
Businesses
138
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices