647 Cottonwood AveLitchfieldMN55355
INVESTMENT ANALYSIS
Investment Verdict
Solid Income647 Cottonwood Ave, Litchfield, MN, 55355 in Litchfield carries a 1.59 coverage ratio, rent of $1,568/mo is 1.59 times the $989/mo payment. Rental yield 8.55%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $220,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $60,782; total projected cumulative return: $95,978.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.8% |
| Monthly Cash Flow | $(25) | $550 |
City averages based on Litchfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,568 |
| Total Monthly Debt Service | $1,286 |
| DSCR Ratio | 1.22x |
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.
Townhouse
Built in 2011
2,003 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
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
Townhouse
Built in 2011
2,003 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Renee Stoebe • VoigtJohnson
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826161