323 S Ramsey AveLitchfieldMN55355
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
Investment Highlights
Rental property for sale in Litchfield at 323 S Ramsey Ave, Litchfield, MN, 55355 priced at $169,900 pairs $1,322/mo rent with $261/mo cash flow after a $832/mo payment. Total monthly income equals $1,322/mo, and annual cash flow comes to $3,128/yr on $56,322 invested. Return on cash invested is 25.46% in year one, and rental yield stands at 9.34% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 132.72% and total cumulative return in cash reaches $74,750. For financing, Ziffy Mortgage’s DSCR program evaluates $1,322/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
N/A 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: Chad T Loch • RE/MAX Today's Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6783859