11450 Cormorant Heights RdAudubonMN56511
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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 Audubon at 11450 Cormorant Heights Rd, Audubon, MN, 56511 offers a 0% rental yield on a $699,000 purchase with $0/mo rent. 71% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
6.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56511, Audubon, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,353 (100%) |
| Owner Occupied HU | 783 (57.9%) |
| Renter Occupied HU | 121 ( 8.9%) |
| Vacant Housing Units | 449 (33.2%) |
| Median Home Value | $422,932 |
| Average Home Value | $472,526 |
Housing Distribution
Address Breakdown
Residential
908
Single Family
869
Multi-Family
39
Businesses
51
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