6289 62nd St SCottage GroveMN55016
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
Investment Highlights
Investment property for sale in Cottage Grove at 6289 62nd St S, Cottage Grove, MN, 55016 earns from $3,114/mo rent with a $2,912/mo payment. Total monthly income totals $3,114/mo. ROI tracks 16.06% on current figures, and rental yield reads 6.28% at a $594,990 purchase. Equity gained on principal adds $3,839/yr, and 5% annual appreciation supports $164,385 over five years. Five-year ROI reaches 82.36% and total cumulative return in cash sums $161,231. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,114/mo property income instead of your personal income.
Single Family
Built in 2024
9,147 sqft lot
$N/A/sqft
$51 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sovannara Por • Pulte Homes Of Minnesota, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6693825
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