Boardwalk with Basement 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
Investment property for sale in Corcoran at Boardwalk with Basement Plan, Walcott Glen, Corcoran, MN, 55340 listed at $629,990 pairs $4,165/mo rent with a $3,083/mo payment to leave $232/mo cash flow. Total monthly income runs $4,165/mo, and annual cash flow reaches $2,778/yr on $207,267 cash to close. Return on cash invested measures 21.4% in year one, and rental yield registers 7.93% at a $629,990 basis. Equity gained on principal adds $4,065/yr, and annual property appreciation at 5% supports $174,055 by year five. Five-year ROI tracks 110.89% and total cumulative return in cash totals $229,831. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,165/mo property income relative to a $3,083/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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