Boardwalk Plan, Walcott GlenCorcoranMN55340
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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
Rental property for sale in Corcoran at Boardwalk Plan, Walcott Glen, Corcoran, MN, 55340 offers $4,165/mo rent that, after a $2,834/mo payment, leaves $549/mo cash flow. Total monthly income is $4,165/mo, and annual cash flow is $6,592/yr on $190,488 cash. Return on cash invested measures 23.52% in year one, and rental yield stands at 8.63% at a $578,990 entry. Equity gained on principal adds $3,736/yr while 5% annual appreciation compounds into $159,964 by year five. Five-year ROI records 122.26% and total cumulative return in cash reaches $232,899. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,165/mo property income versus a $2,834/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
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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