6183 Idra 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 6183 Idra Ave S, Cottage Grove, MN, 55016 listed at $380,000 pairs $2,646/mo rent with a $1,860/mo payment to leave $273/mo cash flow. Total monthly income runs $2,646/mo, and annual cash flow reaches $3,276/yr on $125,970 cash to close. Return on cash invested measures 22.51% in year one, and rental yield registers 8.36% at a $380,000 basis. Equity gained on principal adds $2,452/yr, and annual property appreciation at 5% supports $104,987 by year five. Five-year ROI tracks 116.85% and total cumulative return in cash totals $147,193. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,646/mo property income relative to a $1,860/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2020
3,484 sqft lot
$N/A/sqft
No 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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Listed by: Elizabeth Gust • Pemberton RE
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6807271