615 Mooers Ave 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
Rental property for sale in Cokato at 615 Mooers Ave SE, Cokato, MN, 55321 priced at $269,900 pairs $2,134/mo rent with $449/mo cash flow after a $1,321/mo payment. Total monthly income equals $2,134/mo, and annual cash flow comes to $5,384/yr on $89,472 invested. Return on cash invested is 25.93% in year one, and rental yield stands at 9.49% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 135.2% and total cumulative return in cash reaches $120,966. For financing, Ziffy Mortgage’s DSCR program evaluates $2,134/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1956
0.39 Acres 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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