966 Albion AveFairmontMN56031
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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 Fairmont at 966 Albion Ave, Fairmont, MN, 56031 offers a 7.58% rental yield on a $359,000 purchase with $2,268/mo rent. Total monthly income registers $2,268/mo, and a $1,757/mo payment leaves $26/mo available for distribution. Annual cash flow reaches $316/yr on $119,009 to close, and return on cash invested stands at 20.17% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 104.37% and total cumulative return in cash at $124,207. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,268/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
5,662 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
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