6650 Tamarack LnCorcoranMN55340
Nearby investment properties with comparable rents
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
Rental property for sale in Corcoran at 6650 Tamarack Ln, Corcoran, MN, 55340 generates $4,194/mo in rent, after a $4,230/mo payment. Total monthly income is $4,194/mo. Return on cash invested sits at 14.81% in year one, and rental yield is 5.82% on a $864,140 entry. Equity gained on principal adds $5,576/yr, while 5% annual appreciation builds toward $238,746 over five years. Five-year ROI reaches 75.62% and total cumulative return in cash sums $214,977. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,194/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
$122 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lennar Minnesota • Lennar Sales Corp
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6611199
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