19699 623rd AveLitchfieldMN55355
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 19699 623rd Ave, Litchfield, MN, 55355 in Litchfield worth study. Rental yield 4.41%. The 4.41% gross yield is below cash-flow benchmarks at $1,547,000, but 5% annual appreciation, adding $427,408 over five years, frames this as a capital growth position. Rent of $5,681/mo partially offsets the $6,956/mo payment. Ziffy Mortgage finances appreciation-play properties (0.82 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $330,934.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 7.8% |
| Monthly Cash Flow | $(3,979) | $550 |
City averages based on Litchfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,681 |
| Total Monthly Debt Service | $9,045 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Vikse • Jane Vikse Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6655501