122 3rd AVENUE SOUTHWEST SouthWestSpring 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 122 3rd AVENUE SOUTHWEST SouthWest, Spring Grove, MN, 55974 uses $57,648 cash to close to unlock $2,691/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,310/mo, and a $851/mo payment keeps the spread at $224/mo. Purchase price stands at $173,900, and rental yield measures 9.04% with $1,310/mo rent. Return on cash invested shows 24.58% in year one, and 5% annual appreciation builds toward $48,045 over five years. Five-year ROI reaches 127.99% and total cumulative return in cash records $73,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,310/mo property income covering a $851/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,356 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: Kelly Meyer • Keller Williams Premier Realty MN
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1914387
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.