117 Marquette AveNorth MankatoMN56003
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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 North Mankato at 117 Marquette Ave, North Mankato, MN, 56003 offers a 9.66% rental yield on a $379,900 purchase with $3,059/mo rent. Total monthly income registers $3,059/mo, and a $1,859/mo payment leaves $687/mo available for distribution. Annual cash flow reaches $8,246/yr on $125,937 to close, and return on cash invested stands at 26.46% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 138.05% and total cumulative return in cash at $173,861. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,059/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.28 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
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Listed by: CHAD LUSCOMB • Coldwell Banker River Valley
Mls Name: RASM
Mls ID: #7038744