8634 Corbin CtInver Grove HeightsMN55076
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 8634 Corbin Ct, Inver Grove Heights, MN, 55076 in Inver Grove Heights. At $489,000 it earns $3,032/mo in rent and distributes $395/mo to the owner after the $2,199/mo payment, a consistent 9.44% yield. DSCR 1.38 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $135,102 in value; $4,504/yr in principal paydown compounds ownership stake. Total projected return: $160,143.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $395 | $350 |
City averages based on Inver Grove Heights market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,032 |
| Total Monthly Debt Service | $3,259 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2012
3,920 sqft lot
$N/A/sqft
$400 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
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
Townhouse
Built in 2012
3,920 sqft lot
$N/A/sqft
$400 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Burton • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6729282
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