280 2nd St SECokatoMN55321
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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 Cokato at 280 2nd St SE, Cokato, MN, 55321 uses $91,163 cash to close to unlock $5,913/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $2,210/mo, and a $1,346/mo payment keeps the spread at $493/mo. Purchase price stands at $275,000, and rental yield measures 9.64% with $2,210/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 137.69% and total cumulative return in cash records $125,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,210/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2004
8,276 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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