430 NW 2nd StCohassetMN55721
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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
Rental property for sale in Cohasset at 430 NW 2nd St, Cohasset, MN, 55721 generates $1,183/mo in rent, after a $979/mo payment. Total monthly income is $1,183/mo. Return on cash invested sits at 18.71% in year one, and rental yield is 7.1% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 96.5% and total cumulative return in cash sums $63,980. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,183/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
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
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Listed by: Dan Nielsen • Real Broker,LLC
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6616008
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