803 N Armstrong AveLitchfieldMN55355
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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 803 N Armstrong Ave, Litchfield, MN, 55355 priced at $102,400 converts $1,619/mo rent into $970/mo cash flow after a $501/mo obligation. Total monthly income equals $1,619/mo, and annual cash flow totals $11,644/yr on $33,946 invested. Return on cash invested prints 54.21% in year one, and rental yield reads 18.97% against a $102,400 entry. Equity gained on principal adds $661/yr, while 5% annual appreciation compiles into $28,291 by year five. Five-year ROI reaches 287.09% and total cumulative return in cash sums $97,453. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,619/mo property income covering a $501/mo payment, not borrower’s personal income.
Single Family
Built in 1898
10,454 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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