148 2nd Ave SESpring 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
Rental property for sale in Spring Grove at 148 2nd Ave SE, Spring Grove, MN, 55974 offers $1,927/mo rent that, after a $1,399/mo payment, leaves $142/mo cash flow. Total monthly income is $1,927/mo, and annual cash flow is $1,706/yr on $94,743 cash. Return on cash invested measures 21.71% in year one, and rental yield stands at 8.09% at a $285,800 entry. Equity gained on principal adds $1,844/yr while 5% annual appreciation compounds into $78,961 by year five. Five-year ROI records 112.59% and total cumulative return in cash reaches $106,674. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,927/mo property income versus a $1,399/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1889
9,724 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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