111 N Park AveSpringfieldMN56087
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 111 N Park Ave, Springfield, MN, 56087 in Springfield is capital appreciation. Rental yield 0%. The 0% gross yield at $109,500 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $30,253 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.00) without U.S. credit history; structure with a larger down payment to optimise coverage.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
Single Family
Built in 1953
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56087, Springfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,398 (100%) |
| Owner Occupied HU | 1,005 (71.9%) |
| Renter Occupied HU | 278 (19.9%) |
| Vacant Housing Units | 115 ( 8.2%) |
| Median Home Value | $191,406 |
| Average Home Value | $242,614 |
Housing Distribution
Address Breakdown
Residential
1,298
Single Family
1,166
Multi-Family
132
Businesses
126
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1953
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56087, Springfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,398 (100%) |
| Owner Occupied HU | 1,005 (71.9%) |
| Renter Occupied HU | 278 (19.9%) |
| Vacant Housing Units | 115 ( 8.2%) |
| Median Home Value | $191,406 |
| Average Home Value | $242,614 |
Housing Distribution
Address Breakdown
Residential
1,298
Single Family
1,166
Multi-Family
132
Businesses
126
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Amanda Frank • Reiner Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6728794
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-29 10:13:10 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)