6570 Jody Ave SCottage GroveMN55016
Nearby investment properties with comparable rents
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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 Cottage Grove at 6570 Jody Ave S, Cottage Grove, MN, 55016 generates $3,160/mo in rent and, after a $1,933/mo payment, leaves $426/mo in cash flow. Total monthly income is $3,160/mo, and annual cash flow is $5,109/yr on $130,939 invested. Return on cash invested sits at 23.81% in year one, and rental yield is 9.6% on a $394,990 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,128 over five years. Five-year ROI reaches 124.73% and total cumulative return in cash sums $163,323. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,160/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
2,613 sqft lot
$N/A/sqft
$268 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
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Nearby investment properties with comparable prices
Listed by: Lydia Long • M/I Homes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6741406
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