604 E Rock St Springfield, MN 56087

Get Owner Info
3 beds · 1 bath · 1,428 sq ft · Lot Size: 87,593 sq ft · Single Family Home
Est. Property Value: $61,685

High Demand Long-Term RentalValued below Market MedianLarge Lot AdvantageGood value per sqftOwner Age 55 - 65

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

604 E Rock St is in the 56087 neighborhood of Springfield, MN. It is located in Brown County and ZIP code 56087. This Single Family Home was built in 1920 and is approximately 105 years old. The single family home spans 1428 sq ft with 3 bedrooms and 1 bathroom and sits on a 87593 sq ft lot. According to public records, it has a tax-assessed value of $86,500, which is $43 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 604 E Rock St Springfield, MN 56087 with Property Intel by Whitepages.

604 E Rock St

Springfield, MN 56087

Owner Info

Owners & Occupancy for 604 E Rock St

This property is owned by Brian J Rathman. Owner contact information includes 3 phone numbers and 4 email addresses.

Property Owners

Cell Phone(507) ***-****View Cell Phone
Residence***************
Landline(507) 723-6371
Distance from Property**********
Email Address********@semiotek.comView Email
View All Owner Info

Occupancy

Current Occupancy*****View Occupancy
Resident 1********************** age 59
Resident 2*************** age 61

Property Financials for 604 E Rock St

604 E Rock St, Springfield, MN has no known mortgage. The Brown county assessment for 2023 values it at $86,500, with annual taxes of $1,386.

Property Tax

Property Tax Amount$1,386 in 2024
Assessed Value$86,500 on 2023

Investment Potential for 604 E Rock St

The property has a current estimated value of $61,685, which is 30% below the zip median. Projected long-term rental income is $25,800 annually ($2,150 per month) with a 87% occupancy rate.

Discover more Single Family Homes in 56087.
See Recommended Properties

Long-Term

Gross Rental
$25,800 per year($2,150 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
87%in 56087 zip code
 
View Rental Potential

Property Details for 604 E Rock St

Property Details

Property Sq Ft

Living Area

1,428 sq ft

2% above market

Lot Size

87,593 sq ft

722% above market

Price Per Sq Ft

Living Area

$43 / sq ft

34% below market

Lot Size Area

$1 / sq ft

91% below market

Property condition, age, exterior, etc. for 604 E Rock…
Longitude: -94.966578 Latitude: 44.244276 Parcel Number (APN): 00301001203035…

Recommended Properties in 56087

Discover more single family homes near 604 E Rock St in Springfield, Minnesota. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 604 E Rock St in Brown County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$61,685
$306,036
-$244,351 (-80%)
—
—
—
YoY Price Change
—
—
—
Year Built
1920
1972
-52 years
Living Space
1,428 sq ft
1,644 sq ft
-216 (-13%)
$ Per Living Sq Ft
$43
$186
-$143 (-77%)
Lot Size
87,593 sq ft
11,705 sq ft
75888 (648%)
$ Per Lot Sq Ft
$1
$25
-$24 (-97%)

Net Operating Income
$*****
$18,402
$2,086 (11%)
Annual Revenue
$25,800
$28,200
-$2,400 (-9%)
$****
$9,553
-$4,241 (-44%)
Net Operating Income
$*****
$18,402
$2,086 (11%)
Cap Rate
****%
5.97%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

Find More Housing Markets Near Springfield

Nearby Cities

  1. Sleepy Eye Investment Properties
  2. Redwood Falls Investment Properties
  3. St. James Investment Properties
  4. New Ulm Investment Properties
  5. Windom Investment Properties
  6. Tracy Investment Properties
  7. The Lakes Investment Properties
  8. Olivia Investment Properties
  9. Lake Crystal Investment Properties
  10. Slayton Investment Properties