603 Lafayette Ave SFuldaMN56131
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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
Rental property for sale in Fulda at 603 Lafayette Ave S, Fulda, MN, 56131 offers $2,088/mo rent that, after a $2,276/mo payment. Total monthly income is $2,088/mo. Return on cash invested measures 13.56% in year one, and rental yield stands at 5.39% at a $465,000 entry. Equity gained on principal adds $3,001/yr while 5% annual appreciation compounds into $128,471 by year five. Five-year ROI records 68.88% and total cumulative return in cash reaches $106,175. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,088/mo property income versus a $2,276/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
5.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56131, Fulda, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,042 (100%) |
| Owner Occupied HU | 759 (72.8%) |
| Renter Occupied HU | 194 (18.6%) |
| Vacant Housing Units | 89 ( 8.5%) |
| Median Home Value | $221,402 |
| Average Home Value | $341,700 |
Housing Distribution
Address Breakdown
Residential
842
Single Family
778
Multi-Family
64
Businesses
70
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