6888 98th St SCottage GroveMN55016
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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
Investment property for sale in Cottage Grove at 6888 98th St S, Cottage Grove, MN, 55016 uses $120,799 cash to close to unlock $9,073/yr annual cash flow and $756/mo monthly cash flow. Total monthly income runs $3,032/mo, and a $1,784/mo payment keeps the spread at $756/mo. Purchase price stands at $364,400, and rental yield measures 9.98% with $3,032/mo rent. Return on cash invested shows 27.42% in year one, and 5% annual appreciation builds toward $100,677 over five years. Five-year ROI reaches 143.23% and total cumulative return in cash records $173,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,032/mo property income covering a $1,784/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
2,178 sqft lot
$N/A/sqft
No 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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Listed by: Elizabeth B Kleber • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6618262