1642 River Rock DrCarverMN55315
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 1642 River Rock Dr, Carver, MN, 55315 in Carver worth modelling. At $553,035 with a 7.8% gross yield, the $3,594/mo rent leaves $141/mo after the $2,487/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.45 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $152,793 by year five; $5,094/yr in principal reduction adds further equity. Total projected return: $218,898.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 5.5% |
| Monthly Cash Flow | $141 | $600 |
City averages based on Carver market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,594 |
| Total Monthly Debt Service | $3,233 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55315, Carver, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,658 (100%) |
| Owner Occupied HU | 2,391 (90.0%) |
| Renter Occupied HU | 202 ( 7.6%) |
| Vacant Housing Units | 65 ( 2.4%) |
| Median Home Value | $461,738 |
| Average Home Value | $528,900 |
Housing Distribution
Address Breakdown
Residential
2,596
Single Family
2,462
Multi-Family
134
Businesses
74
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
Single Family
Built in 2024
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55315, Carver, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,658 (100%) |
| Owner Occupied HU | 2,391 (90.0%) |
| Renter Occupied HU | 202 ( 7.6%) |
| Vacant Housing Units | 65 ( 2.4%) |
| Median Home Value | $461,738 |
| Average Home Value | $528,900 |
Housing Distribution
Address Breakdown
Residential
2,596
Single Family
2,462
Multi-Family
134
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices