Hadley Avenue & 61st St #BK0XLGCottage 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 Hadley Avenue & 61st St #BK0XLG, Cottage Grove, MN, 55016 offers $3,870/mo rent that, after a $2,904/mo payment, leaves $111/mo cash flow. Total monthly income is $3,870/mo, and annual cash flow is $1,332/yr on $195,196 cash. Return on cash invested measures 20.74% in year one, and rental yield stands at 7.83% at a $593,300 entry. Equity gained on principal adds $3,828/yr while 5% annual appreciation compounds into $163,918 by year five. Five-year ROI records 107.5% and total cumulative return in cash reaches $209,828. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,870/mo property income versus a $2,904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
$54 monthly 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: N/A • N/A
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Mls ID: #N/A