613 Winona St SEChatfieldMN55923
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 613 Winona St SE, Chatfield, MN, 55923 in Chatfield: $2,402/mo in rent, $419/mo in net income, 9.08% gross yield, 1.68 DSCR, all at $317,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $87,719 in appreciation and $2,924/yr in principal paydown projects total cumulative return of $147,399.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 8.0% |
| Monthly Cash Flow | $419 | $400 |
City averages based on Chatfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,402 |
| Total Monthly Debt Service | $1,857 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1930
0.26 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 1930
0.26 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
Listed by: Jason Carey • Re/Max Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6779813
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