611 S Swift AveLitchfieldMN55355
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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 611 S Swift Ave, Litchfield, MN, 55355 offers $1,213/mo rent that, after a $783/mo payment, leaves $214/mo cash flow. Total monthly income is $1,213/mo, and annual cash flow is $2,570/yr on $53,007 cash. Return on cash invested measures 24.76% in year one, and rental yield stands at 9.1% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 128.98% and total cumulative return in cash reaches $68,370. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,213/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
8,973 sqft 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: Kimberly A Olson • RE/MAX Today's Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7009203