19177 62nd Ave NCorcoranMN55340
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.69% yield at 19177 62nd Ave N, Corcoran, MN, 55340 in Corcoran is solid, but the $2,941/mo payment compresses net cash flow to $58/mo at $654,090. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $180,713 by year five, and $6,024/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.43) without U.S. income documentation. Total projected return: $252,118.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.0% |
| Monthly Cash Flow | $58 | $300 |
City averages based on Corcoran market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,194 |
| Total Monthly Debt Service | $3,876 |
| DSCR Ratio | 1.08x |
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
0.25 Acres lot
$N/A/sqft
$52 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55340, Hamel, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 3,632 (91.0%) |
| Renter Occupied HU | 220 ( 5.5%) |
| Vacant Housing Units | 138 ( 3.5%) |
| Median Home Value | $666,667 |
| Average Home Value | $725,686 |
Housing Distribution
Address Breakdown
Residential
3,831
Single Family
3,665
Multi-Family
166
Businesses
326
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
0.25 Acres lot
$N/A/sqft
$52 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55340, Hamel, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 3,632 (91.0%) |
| Renter Occupied HU | 220 ( 5.5%) |
| Vacant Housing Units | 138 ( 3.5%) |
| Median Home Value | $666,667 |
| Average Home Value | $725,686 |
Housing Distribution
Address Breakdown
Residential
3,831
Single Family
3,665
Multi-Family
166
Businesses
326
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices