1500 Lor Ray DrNorth 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 1500 Lor Ray Dr, North Mankato, MN, 56003 listed at $343,500 pairs $2,220/mo rent with a $1,681/mo payment to leave $75/mo cash flow. Total monthly income runs $2,220/mo, and annual cash flow reaches $903/yr on $113,870 cash to close. Return on cash invested measures 20.7% in year one, and rental yield registers 7.76% at a $343,500 basis. Equity gained on principal adds $2,217/yr, and annual property appreciation at 5% supports $94,903 by year five. Five-year ROI tracks 107.2% and total cumulative return in cash totals $122,065. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $1,681/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: N/A • N/A
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Mls ID: #N/A