104 2nd Ave SWSpring GroveMN55974
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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 Spring Grove at 104 2nd Ave SW, Spring Grove, MN, 55974 listed at $165,700 pairs $2,135/mo rent with a $811/mo payment to leave $1,100/mo cash flow. Total monthly income runs $2,135/mo, and annual cash flow reaches $13,204/yr on $54,930 cash to close. Return on cash invested measures 43.95% in year one, and rental yield registers 15.46% at a $165,700 basis. Equity gained on principal adds $1,069/yr, and annual property appreciation at 5% supports $45,780 by year five. Five-year ROI tracks 231.88% and total cumulative return in cash totals $127,371. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,135/mo property income relative to a $811/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1917
9,952 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55974, Spring Grove, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,037 (100%) |
| Owner Occupied HU | 741 (71.5%) |
| Renter Occupied HU | 154 (14.9%) |
| Vacant Housing Units | 142 (13.7%) |
| Median Home Value | $291,554 |
| Average Home Value | $405,729 |
Housing Distribution
Address Breakdown
Residential
830
Single Family
766
Multi-Family
64
Businesses
64
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Listed by: N/A • N/A
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