4100 Spring St APT 210Spring ParkMN55384
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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 $2,204/mo, and a $2,056/mo payment. Purchase price stands at $420,000, and rental yield measures 6.3% with $2,204/mo rent. Return on cash invested shows 11.56% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 59.84% and total cumulative return in cash records $83,311. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,204/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Condo
Built in 2005
0.55 Acres lot
$N/A/sqft
$550 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55384, Spring Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,125 (100%) |
| Owner Occupied HU | 235 (20.9%) |
| Renter Occupied HU | 775 (68.9%) |
| Vacant Housing Units | 115 (10.2%) |
| Median Home Value | $775,943 |
| Average Home Value | $873,330 |
Housing Distribution
Address Breakdown
Residential
1,118
Single Family
296
Multi-Family
822
Businesses
118
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Listed by: Julia Distel • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6525134
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