922 E 1st StFairmontMN56031
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 922 E 1st St, Fairmont, MN, 56031 in Fairmont speaks for itself: 17.69% gross on a $134,100 price, generating $1,976/mo in rent and $1,139/mo in net income after the $603/mo debt service. DSCR 3.28, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $13,668 stacks alongside $37,049 in projected five-year appreciation and $1,235/yr in principal reduction. Projected total cumulative return: $124,159.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.7% | 6.5% |
| Monthly Cash Flow | $1,139 | $350 |
City averages based on Fairmont market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,976 |
| Total Monthly Debt Service | $784 |
| DSCR Ratio | 2.52x |
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 1928
6,534 sqft 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
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 1928
6,534 sqft 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