120 2nd Ave SECookMN55723
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 120 2nd Ave SE, Cook, MN, 55723 in Cook at $109,000 earns $822/mo in rent and nets $141/mo after the $490/mo payment, a 9.05% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $30,115 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,004/yr in principal paydown, total projected return reaches $50,469.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $141 | $200 |
City averages based on Cook market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $822 |
| Total Monthly Debt Service | $637 |
| 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 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55723, Cook, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,349 (100%) |
| Owner Occupied HU | 944 (40.2%) |
| Renter Occupied HU | 134 ( 5.7%) |
| Vacant Housing Units | 1,271 (54.1%) |
| Median Home Value | $340,909 |
| Average Home Value | $403,183 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,019
Multi-Family
75
Businesses
135
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 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55723, Cook, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,349 (100%) |
| Owner Occupied HU | 944 (40.2%) |
| Renter Occupied HU | 134 ( 5.7%) |
| Vacant Housing Units | 1,271 (54.1%) |
| Median Home Value | $340,909 |
| Average Home Value | $403,183 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,019
Multi-Family
75
Businesses
135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TARYN SANDBERG • BIC Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6747779
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