19699 623rd AveLitchfieldMN55355
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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 Litchfield at 19699 623rd Ave, Litchfield, MN, 55355 offers a 4.41% rental yield on a $1,547,000 purchase with $5,681/mo rent. 84% in year one. Equity gained on principal adds $9,983/yr while 5% annual appreciation supports $427,408 over five years. Portfolio math shows five-year ROI at 54.2% and total cumulative return in cash at $271,675. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,681/mo property income against a $7,572/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55355, Litchfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,434 (100%) |
| Owner Occupied HU | 2,995 (67.5%) |
| Renter Occupied HU | 944 (21.3%) |
| Vacant Housing Units | 495 (11.2%) |
| Median Home Value | $243,584 |
| Average Home Value | $300,728 |
Housing Distribution
Address Breakdown
Residential
4,146
Single Family
3,742
Multi-Family
404
Businesses
386
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Listed by: Jane Vikse • Jane Vikse Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6655501