605 Union St NEChatfieldMN55923
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 605 Union St NE, Chatfield, MN, 55923 in Chatfield. Rental yield 3.15%. At $662,900 with 3.15% gross yield, current distributions are modest, but the 5% appreciation rate projects $183,147 in new equity by year five, complemented by $6,105/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.58) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $97,091.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 8.0% |
| Monthly Cash Flow | $(2,401) | $400 |
City averages based on Chatfield market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,739 |
| Total Monthly Debt Service | $3,876 |
| DSCR Ratio | 0.45x |
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 2012
0.31 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
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 2012
0.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices