2 Avenue B NEChatfieldMN55923
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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 Chatfield at 2 Avenue B NE, Chatfield, MN, 55923 priced at $164,900 pairs $1,249/mo rent with $219/mo cash flow after a $807/mo payment. Total monthly income equals $1,249/mo, and annual cash flow comes to $2,633/yr on $54,664 invested. Return on cash invested is 24.72% in year one, and rental yield stands at 9.09% on a $164,900 basis. Equity gained on principal adds $1,064/yr, and 5% annual appreciation accumulates to $45,559 by year five. Five-year ROI measures 128.8% and total cumulative return in cash reaches $70,408. For financing, Ziffy Mortgage’s DSCR program evaluates $1,249/mo property income against a $807/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55923, Chatfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,980 (100%) |
| Owner Occupied HU | 1,546 (78.1%) |
| Renter Occupied HU | 350 (17.7%) |
| Vacant Housing Units | 84 ( 4.2%) |
| Median Home Value | $361,660 |
| Average Home Value | $423,676 |
Housing Distribution
Address Breakdown
Residential
1,917
Single Family
1,822
Multi-Family
95
Businesses
127
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