4100 Spring St APT 214Spring ParkMN55384
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder4100 Spring St APT 214, Spring Park, MN, 55384 in Spring Park is a stable, well-positioned rental at $499,000. Rental yield 7.42%. DSCR 1.37 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $137,865 in value and $4,596/yr in principal paydown builds equity, a total projected return of $150,275.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.2% |
| Monthly Cash Flow | $(649) | $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 | $3,084 |
| Total Monthly Debt Service | $3,534 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 2005
0.55 Acres lot
$N/A/sqft
$617 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
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
Condo
Built in 2005
0.55 Acres lot
$N/A/sqft
$617 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rose O Barkley • Lakes Area Realty G.V.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6791541
Disclaimer: Based on information submitted to the MLS GRID as of 2025-09-23 10:38:00 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)