6606 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 6606 Jody Ave S, Cottage Grove, MN, 55016 generates $2,730/mo in rent, after a $2,169/mo payment. Total monthly income is $2,730/mo. Return on cash invested sits at 16.34% in year one, and rental yield is 7.39% on a $443,075 entry. Equity gained on principal adds $2,859/yr, while 5% annual appreciation builds toward $122,413 over five years. Five-year ROI reaches 84.95% and total cumulative return in cash sums $124,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,730/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
3,049 sqft lot
$N/A/sqft
$4,803 annually 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: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6587606
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-15 05:16:29 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)