120 Wilson WayMankatoMN56001
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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 Mankato at 120 Wilson Way, Mankato, MN, 56001 priced at $205,000 converts $1,781/mo rent into $489/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,781/mo, and annual cash flow totals $5,865/yr on $67,958 invested. Return on cash invested prints 28.54% in year one, and rental yield reads 10.43% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 149.29% and total cumulative return in cash sums $101,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,781/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56001, Mankato, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,652 (100%) |
| Owner Occupied HU | 11,305 (49.9%) |
| Renter Occupied HU | 9,849 (43.5%) |
| Vacant Housing Units | 1,498 ( 6.6%) |
| Median Home Value | $318,757 |
| Average Home Value | $350,559 |
Housing Distribution
Address Breakdown
Residential
21,723
Single Family
15,275
Multi-Family
6,448
Businesses
1,781
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Listed by: Kimberly Lingbeck • Exp Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7038980
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-12-20 06:01:40 PST