506 James 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
Rental property for sale in Chatfield at 506 James St NE, Chatfield, MN, 55923 offers $2,291/mo rent that, after a $1,420/mo payment, leaves $420/mo cash flow. Total monthly income is $2,291/mo, and annual cash flow is $5,039/yr on $96,168 cash. Return on cash invested measures 25.15% in year one, and rental yield stands at 9.48% at a $290,100 entry. Equity gained on principal adds $1,872/yr while 5% annual appreciation compounds into $80,149 by year five. Five-year ROI records 131.27% and total cumulative return in cash reaches $126,240. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,291/mo property income versus a $1,420/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
10,890 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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