413 Hoyt AveSpringfieldMN56087
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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 Springfield at 413 Hoyt Ave, Springfield, MN, 56087 offers a 6.99% rental yield on a $260,000 purchase with $1,514/mo rent. 38% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 94.69% and total cumulative return in cash at $81,617. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,514/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 1970
0.26 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: N/A • N/A
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