670 W 1st St SCottonwoodMN56229
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Cottonwood rentals match the income profile of 670 W 1st St S, Cottonwood, MN, 56229. Listed at $167,500, gross rent is $1,592/mo and net cash flow is $546/mo, a 11.41% yield well above national averages. DSCR 2.11 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $46,277 by year five with $1,543/yr in annual principal reduction, projecting $98,707 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 7.0% |
| Monthly Cash Flow | $546 | $350 |
City averages based on Cottonwood market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,592 |
| Total Monthly Debt Service | $979 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
8,363 sqft 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
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
Single Family
Built in 1920
8,363 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7112865