232 1st 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 232 1st AVENUE SOUTHWEST SouthWest, Spring Grove, MN, 55974 offers a 9.47% rental yield on a $185,000 purchase with $1,460/mo rent. Total monthly income registers $1,460/mo, and a $905/mo payment leaves $305/mo available for distribution. Annual cash flow reaches $3,663/yr on $61,328 to close, and return on cash invested stands at 25.88% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 135% and total cumulative return in cash at $82,791. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,460/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Cole Purdy • NextHome Prime Real Estate
Mls Name: WIREX MLS
Mls ID: #1931241