8483 Corcoran Path #62Inver Grove HeightsMN55076
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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 Inver Grove Heights at 8483 Corcoran Path #62, Inver Grove Heights, MN, 55076 offers a 9.37% rental yield on a $199,900 purchase with $1,561/mo rent. Total monthly income registers $1,561/mo, and a $978/mo payment leaves $34/mo available for distribution. Annual cash flow reaches $410/yr on $66,267 to close, and return on cash invested stands at 20.53% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 108.13% and total cumulative return in cash at $71,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,561/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
$279 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: Ed Schaefer • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6719753
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