1002 Oak Terrace DrNorth MankatoMN56003
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 North Mankato at 1002 Oak Terrace Dr, North Mankato, MN, 56003 listed at $439,800 pairs $4,164/mo rent with a $2,153/mo payment to leave $1,417/mo cash flow. Total monthly income runs $4,164/mo, and annual cash flow reaches $17,007/yr on $145,794 cash to close. Return on cash invested measures 31.57% in year one, and rental yield registers 11.36% at a $439,800 basis. Equity gained on principal adds $2,838/yr, and annual property appreciation at 5% supports $121,509 by year five. Five-year ROI tracks 165.49% and total cumulative return in cash totals $241,279. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,164/mo property income relative to a $2,153/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56003, Mankato, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,697 (100%) |
| Owner Occupied HU | 4,584 (68.4%) |
| Renter Occupied HU | 1,784 (26.6%) |
| Vacant Housing Units | 329 ( 4.9%) |
| Median Home Value | $284,171 |
| Average Home Value | $343,042 |
Housing Distribution
Address Breakdown
Residential
6,662
Single Family
5,293
Multi-Family
1,369
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Candee Deichman • Century 21 Atwood
Mls Name: RASM
Mls ID: #7038273