515 S Division AveSpring GroveMN55974
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
Investment Highlights
Investment property for sale in Spring Grove at 515 S Division Ave, Spring Grove, MN, 55974 uses $69,582 cash to close to unlock $7,268/yr annual cash flow and $606/mo monthly cash flow. Total monthly income runs $1,916/mo, and a $1,027/mo payment keeps the spread at $606/mo. Purchase price stands at $209,900, and rental yield measures 10.95% with $1,916/mo rent. Return on cash invested shows 30.35% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 158.93% and total cumulative return in cash records $110,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,916/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.91 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John T Nelson • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004695