360 Columbus AveCohassetMN55721
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 360 Columbus Ave, Cohasset, MN, 55721 in Cohasset. Priced at $208,000, it generates $2,012/mo in gross rent and $714/mo in net monthly cash flow, a 11.61% yield that comfortably supports the 2.15 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,562. Five-year appreciation: $57,467. Equity from principal paydown: $1,916/yr. Total projected cumulative return: $124,870.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.0% |
| Monthly Cash Flow | $714 | $450 |
City averages based on Cohasset market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,012 |
| Total Monthly Debt Service | $1,216 |
| DSCR Ratio | 1.65x |
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.
Manufactured
Built in 1997
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55721, Cohasset, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 1,330 (72.4%) |
| Renter Occupied HU | 160 ( 8.7%) |
| Vacant Housing Units | 347 (18.9%) |
| Median Home Value | $378,392 |
| Average Home Value | $450,788 |
Housing Distribution
Address Breakdown
Residential
1,549
Single Family
1,503
Multi-Family
46
Businesses
58
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
Manufactured
Built in 1997
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55721, Cohasset, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 1,330 (72.4%) |
| Renter Occupied HU | 160 ( 8.7%) |
| Vacant Housing Units | 347 (18.9%) |
| Median Home Value | $378,392 |
| Average Home Value | $450,788 |
Housing Distribution
Address Breakdown
Residential
1,549
Single Family
1,503
Multi-Family
46
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices