519 N Van Buren 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 519 N Van Buren Ave, Springfield, MN, 56087 offers a 0% rental yield on a $184,500 purchase with $0/mo rent. 69% in year one. Equity gained on principal adds $1,191/yr while 5% annual appreciation supports $50,974 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $903/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,147 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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Listed by: Amanda Frank • Reiner Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6825372