232 1st AVENUE SOUTHWEST SouthWestSpring GroveMN55974
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 232 1st AVENUE SOUTHWEST SouthWest, Spring Grove, MN, 55974 in Spring Grove: $1,460/mo in rent, $305/mo in net income, 9.47% gross yield, 1.75 DSCR, all at $185,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $51,112 in appreciation and $1,704/yr in principal paydown projects total cumulative return of $89,837.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $305 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,460 |
| Total Monthly Debt Service | $1,082 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1946
6,969 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
Nearby investment properties with comparable rents
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 1946
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cole Purdy • NextHome Prime Real Estate
Mls Name: WIREX MLS
Mls ID: #1931241