20173 68th 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 20173 68th Ave, Corcoran, MN, 55340 uses $190,896 cash to close to unlock $10,964/yr annual cash flow and $914/mo monthly cash flow. Total monthly income runs $4,537/mo, and a $2,840/mo payment keeps the spread at $914/mo. Purchase price stands at $580,230, and rental yield measures 9.38% with $4,537/mo rent. Return on cash invested shows 25.8% in year one, and 5% annual appreciation builds toward $160,307 over five years. Five-year ROI reaches 134.49% and total cumulative return in cash records $256,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,537/mo property income covering a $2,840/mo payment rather than investor’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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