7302 97th 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 7302 97th St S, Cottage Grove, MN, 55016 uses $125,937 cash to close to unlock $9,326/yr annual cash flow and $777/mo monthly cash flow. Total monthly income runs $3,149/mo, and a $1,859/mo payment keeps the spread at $777/mo. Purchase price stands at $379,900, and rental yield measures 9.95% with $3,149/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 142.65% and total cumulative return in cash records $179,645. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,149/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.26 Acres 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: Stephen Kinny • Keller Williams Premier Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7012941