63 E Prairie StCottonwoodMN56229
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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 Cottonwood at 63 E Prairie St, Cottonwood, MN, 56229 priced at $186,000 converts $2,251/mo rent into $1,090/mo cash flow after a $910/mo obligation. Total monthly income equals $2,251/mo, and annual cash flow totals $13,079/yr on $61,659 invested. Return on cash invested prints 41.12% in year one, and rental yield reads 14.52% against a $186,000 entry. Equity gained on principal adds $1,200/yr, while 5% annual appreciation compiles into $51,388 by year five. Five-year ROI reaches 216.66% and total cumulative return in cash sums $133,588. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,251/mo property income covering a $910/mo payment, not borrower’s personal income.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56229, Cottonwood, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 756 (100%) |
| Owner Occupied HU | 547 (72.4%) |
| Renter Occupied HU | 131 (17.3%) |
| Vacant Housing Units | 78 (10.3%) |
| Median Home Value | $238,366 |
| Average Home Value | $276,458 |
Housing Distribution
Address Breakdown
Residential
641
Single Family
602
Multi-Family
39
Businesses
40
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Listed by: N/A • N/A
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