20032 62nd PlCorcoranMN55340
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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 Corcoran at 20032 62nd Pl, Corcoran, MN, 55340 earns from $3,060/mo rent with a $2,521/mo payment. Total monthly income totals $3,060/mo. ROI tracks 18.95% on current figures, and rental yield reads 7.13% at a $514,990 purchase. Equity gained on principal adds $3,323/yr, and 5% annual appreciation supports $142,282 over five years. Five-year ROI reaches 97.76% and total cumulative return in cash sums $165,634. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,060/mo property income instead of your personal income.
Townhouse
Built in 2023
2,178 sqft lot
$N/A/sqft
No 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
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