6313 Larkspur LnCorcoranMN55340
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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
Investment Highlights
Investment property for sale in Corcoran at 6313 Larkspur Ln, Corcoran, MN, 55340 offers a 9.13% rental yield on a $447,990 purchase with $3,410/mo rent. Total monthly income registers $3,410/mo, and a $2,193/mo payment leaves $612/mo available for distribution. Annual cash flow reaches $7,347/yr on $148,509 to close, and return on cash invested stands at 24.86% in year one. Equity gained on principal adds $2,891/yr while 5% annual appreciation supports $123,771 over five years. Portfolio math shows five-year ROI at 129.46% and total cumulative return in cash at $192,263. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,410/mo property income against a $2,193/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
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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