20057 67th AveCorcoranMN55340
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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 20057 67th Ave, Corcoran, MN, 55340 uses $297,692 cash to close to unlock $16,206/yr annual cash flow and $1,350/mo monthly cash flow. Total monthly income runs $7,001/mo, and a $4,429/mo payment keeps the spread at $1,350/mo. Purchase price stands at $904,840, and rental yield measures 9.28% with $7,001/mo rent. Return on cash invested shows 25.5% in year one, and 5% annual appreciation builds toward $249,991 over five years. Five-year ROI reaches 132.89% and total cumulative return in cash records $395,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,001/mo property income covering a $4,429/mo payment rather than investor’s personal income.
Single Family
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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