7697 Homestead Ct 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
Rental property for sale in Cottage Grove at 7697 Homestead Ct S, Cottage Grove, MN, 55016 generates $2,095/mo in rent, after a $1,908/mo payment. Total monthly income is $2,095/mo. Return on cash invested sits at 16.76% in year one, and rental yield is 6.45% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 86.02% and total cumulative return in cash sums $111,181. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,095/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
7,666 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: Gina Connell • Set Apart Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7001506