20045 66th 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
Rental property for sale in Corcoran at 20045 66th Pl, Corcoran, MN, 55340 generates $3,060/mo in rent and, after a $2,309/mo payment, leaves $114/mo in cash flow. Total monthly income is $3,060/mo, and annual cash flow is $1,371/yr on $156,357 invested. Return on cash invested sits at 20.79% in year one, and rental yield is 7.79% on a $471,665 entry. Equity gained on principal adds $3,044/yr, while 5% annual appreciation builds toward $130,312 over five years. Five-year ROI reaches 107.63% and total cumulative return in cash sums $168,292. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,060/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
N/A 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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