8068 Hyde Ln SCottage GroveMN55016
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
Investment Highlights
Rental property for sale in Cottage Grove at 8068 Hyde Ln S, Cottage Grove, MN, 55016 generates $2,982/mo in rent and, after a $1,761/mo payment, leaves $735/mo in cash flow. Total monthly income is $2,982/mo, and annual cash flow is $8,824/yr on $119,266 invested. Return on cash invested sits at 27.31% in year one, and rental yield is 9.95% on a $359,777 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,400 over five years. Five-year ROI reaches 142.6% and total cumulative return in cash sums $170,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,982/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas J. Ott • Keller Williams Premier Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6747787