8423 Corcoran Cir #14Inver Grove HeightsMN55076
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
Investment property for sale in Inver Grove Heights at 8423 Corcoran Cir #14, Inver Grove Heights, MN, 55076 earns $489/mo cash flow from $2,099/mo rent with a $1,077/mo payment. Total monthly income totals $2,099/mo, and annual cash flow totals $5,868/yr on $72,930 capital. ROI tracks 27.96% on current figures, and rental yield reads 11.45% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 147.46% and total cumulative return in cash sums $107,543. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,099/mo property income instead of your personal income.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
$236 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55076, Inver Grove Heights, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,394 (100%) |
| Owner Occupied HU | 7,073 (75.3%) |
| Renter Occupied HU | 2,090 (22.2%) |
| Vacant Housing Units | 231 ( 2.5%) |
| Median Home Value | $377,655 |
| Average Home Value | $408,391 |
Housing Distribution
Address Breakdown
Residential
9,409
Single Family
8,032
Multi-Family
1,377
Businesses
409
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Nearby investment properties with comparable prices
Listed by: Kimberly S. Ryan • Keller Williams Select Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6610929
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