617 12th AveClarkfieldMN56223
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Clarkfield rental at 617 12th Ave, Clarkfield, MN, 56223 sits in the solid-income band: 9.47% gross yield, $1,222/mo rent, $255/mo net after the $697/mo debt service, DSCR 1.75. Entry price of $154,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $42,796 and $1,427/yr in principal reduction bring total cumulative return to $75,141.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.5% |
| Monthly Cash Flow | $255 | $300 |
City averages based on Clarkfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,222 |
| Total Monthly Debt Service | $906 |
| DSCR Ratio | 1.35x |
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 1947
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56223, Clarkfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 461 (68.8%) |
| Renter Occupied HU | 113 (16.9%) |
| Vacant Housing Units | 96 (14.3%) |
| Median Home Value | $137,891 |
| Average Home Value | $211,350 |
Housing Distribution
Address Breakdown
Residential
510
Single Family
477
Multi-Family
33
Businesses
48
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 1947
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56223, Clarkfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 461 (68.8%) |
| Renter Occupied HU | 113 (16.9%) |
| Vacant Housing Units | 96 (14.3%) |
| Median Home Value | $137,891 |
| Average Home Value | $211,350 |
Housing Distribution
Address Breakdown
Residential
510
Single Family
477
Multi-Family
33
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bruce D Vien • Kuhlmann Real Estate, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7023929