515 W Van Dusen StSpringfieldMN56087
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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
Rental property for sale in Springfield at 515 W Van Dusen St, Springfield, MN, 56087 priced at $121,900 converts $0/mo rent into after a $597/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.71% in year one, and rental yield reads 0% against a $121,900 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation compiles into $33,679 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $597/mo payment, not borrower’s personal income.
Single Family
Built in 1955
6,969 sqft 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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No similar rental properties found nearby.
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Listed by: Amanda Frank • Reiner Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6792381