235 6th St SECokatoMN55321
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
Investment Highlights
Rental property for sale in Cokato at 235 6th St SE, Cokato, MN, 55321 priced at $229,900 converts $1,581/mo rent into $146/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,581/mo, and annual cash flow totals $1,748/yr on $76,212 invested. Return on cash invested prints 22.2% in year one, and rental yield reads 8.25% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 115.23% and total cumulative return in cash sums $87,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,581/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1908
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55321, Cokato, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,991 (100%) |
| Owner Occupied HU | 1,392 (69.9%) |
| Renter Occupied HU | 461 (23.2%) |
| Vacant Housing Units | 138 ( 6.9%) |
| Median Home Value | $332,773 |
| Average Home Value | $376,708 |
Housing Distribution
Address Breakdown
Residential
1,632
Single Family
1,443
Multi-Family
189
Businesses
176
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Nearby investment properties with comparable prices
Listed by: Andrew Rosenquist • Elevate Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6646549
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