6060 Inspire Ave SCottage GroveMN55016
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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 Cottage Grove at 6060 Inspire Ave S, Cottage Grove, MN, 55016 with 5% annual appreciation on a $629,990 basis while $6,011/mo rent supports operations. Total monthly income totals $6,011/mo and a $3,083/mo payment preserves $2,044/mo for cash returns. Annual cash flow comes to $24,530/yr on $207,267 deployed, and return on cash invested reaches 31.9% in year one. Equity gained on principal adds $4,065/yr, and five-year appreciation sums $174,055 alongside rental yield of 11.45%. Five-year ROI measures 167.24% and total cumulative return in cash totals $346,639.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,011/mo property income versus a $3,083/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
9,583 sqft lot
$N/A/sqft
$100 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55016, Cottage Grove, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,384 (100%) |
| Owner Occupied HU | 12,945 (84.1%) |
| Renter Occupied HU | 2,017 (13.1%) |
| Vacant Housing Units | 422 ( 2.7%) |
| Median Home Value | $399,285 |
| Average Home Value | $443,584 |
Housing Distribution
Address Breakdown
Residential
14,637
Single Family
13,779
Multi-Family
858
Businesses
451
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Nearby investment properties with comparable prices
Listed by: Lennar Minnesota • Lennar Sales Corp
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6560685
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