258 Goodview DrSpring 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 258 Goodview Dr, Spring Grove, MN, 55974 with 5% annual appreciation on a $257,000 basis while $600/mo rent supports operations. 75% in year one. Equity gained on principal adds $1,658/yr, and five-year appreciation sums $71,004 alongside rental yield of 2.8%. Five-year ROI measures 27.07% and total cumulative return in cash totals $23,064. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $600/mo property income versus a $1,258/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
0.34 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: #6801869