204 Division St 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
Investment property for sale in Chatfield at 204 Division St NE, Chatfield, MN, 55923 uses $92,787 cash to close to unlock $5,954/yr annual cash flow and $496/mo monthly cash flow. Total monthly income runs $2,244/mo, and a $1,370/mo payment keeps the spread at $496/mo. Purchase price stands at $279,900, and rental yield measures 9.62% with $2,244/mo rent. Return on cash invested shows 26.33% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 137.37% and total cumulative return in cash records $127,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,244/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1957
9,147 sqft 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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