170 1st St 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
Total monthly income runs $600/mo, and a $1,003/mo payment. Purchase price stands at $205,000, and rental yield measures 3.51% with $600/mo rent. Return on cash invested shows 7.91% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 38.61% and total cumulative return in cash records $26,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $600/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1922
0.32 Acres 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: Stephanie Gulbranson • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6811876