106 River Oaks DrCold SpringMN56320
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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
Investment property for sale in Cold Spring at 106 River Oaks Dr, Cold Spring, MN, 56320 with 5% annual appreciation on a $659,900 basis while $2,689/mo rent supports operations. 15% in year one. Equity gained on principal adds $4,258/yr, and five-year appreciation sums $182,318 alongside rental yield of 4.89%. Five-year ROI measures 61.27% and total cumulative return in cash totals $133,022. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,689/mo property income versus a $3,230/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56320, Cold Spring, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,700 (100%) |
| Owner Occupied HU | 2,774 (75.0%) |
| Renter Occupied HU | 587 (15.9%) |
| Vacant Housing Units | 339 ( 9.2%) |
| Median Home Value | $402,268 |
| Average Home Value | $553,673 |
Housing Distribution
Address Breakdown
Residential
3,456
Single Family
3,145
Multi-Family
311
Businesses
215
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Listed by: Brian Junkermeier • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6240212