486 Prairie View DrCologneMN55322
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 486 Prairie View Dr, Cologne, MN, 55322 in Cologne: $3,942/mo in rent, $1,467/mo net, 11.93% gross yield, all on a $396,400 acquisition. The 2.21 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $109,518 in value, and $3,651/yr in principal paydown steadily builds equity. Projected total cumulative return: $244,827.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 7.0% |
| Monthly Cash Flow | $1,467 | $1,000 |
City averages based on Cologne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,942 |
| Total Monthly Debt Service | $2,318 |
| DSCR Ratio | 1.70x |
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 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55322, Cologne, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,534 (100%) |
| Owner Occupied HU | 1,377 (89.8%) |
| Renter Occupied HU | 129 ( 8.4%) |
| Vacant Housing Units | 28 ( 1.8%) |
| Median Home Value | $441,268 |
| Average Home Value | $514,479 |
Housing Distribution
Address Breakdown
Residential
1,388
Single Family
1,376
Multi-Family
12
Businesses
72
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 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55322, Cologne, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,534 (100%) |
| Owner Occupied HU | 1,377 (89.8%) |
| Renter Occupied HU | 129 ( 8.4%) |
| Vacant Housing Units | 28 ( 1.8%) |
| Median Home Value | $441,268 |
| Average Home Value | $514,479 |
Housing Distribution
Address Breakdown
Residential
1,388
Single Family
1,376
Multi-Family
12
Businesses
72
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices