1823 Red Oak RdgCarverMN55315
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1823 Red Oak Rdg, Carver, MN, 55315 in Carver. At $489,900 it earns $3,629/mo in rent and distributes $570/mo to the owner after the $2,203/mo payment, a consistent 8.89% yield. DSCR 1.65 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $135,350 in value; $4,512/yr in principal paydown compounds ownership stake. Total projected return: $222,550.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 5.5% |
| Monthly Cash Flow | $570 | $600 |
City averages based on Carver market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,629 |
| Total Monthly Debt Service | $2,864 |
| DSCR Ratio | 1.27x |
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 2006
0.31 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 2006
0.31 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