308 S Range RdSpringfieldMN56087
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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
Investment Highlights
Investment property for sale in Springfield at 308 S Range Rd, Springfield, MN, 56087 with 5% annual appreciation on a $349,000 basis while $2,538/mo rent supports operations. Total monthly income totals $2,538/mo and a $1,708/mo payment preserves $359/mo for cash returns. Annual cash flow comes to $4,306/yr on $115,694 deployed, and return on cash invested reaches 23.63% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 8.73%. Five-year ROI measures 122.87% and total cumulative return in cash totals $142,152.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,538/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56087, Springfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,398 (100%) |
| Owner Occupied HU | 1,005 (71.9%) |
| Renter Occupied HU | 278 (19.9%) |
| Vacant Housing Units | 115 ( 8.2%) |
| Median Home Value | $191,406 |
| Average Home Value | $242,614 |
Housing Distribution
Address Breakdown
Residential
1,298
Single Family
1,166
Multi-Family
132
Businesses
126
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Listed by: Samantha Pendleton • Kerkhoff Auction & Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6825193