154 Kingsway 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
Rental property for sale in North Mankato at 154 Kingsway Dr, North Mankato, MN, 56003 priced at $216,900 converts $2,141/mo rent into $786/mo cash flow after a $1,062/mo obligation. Total monthly income equals $2,141/mo, and annual cash flow totals $9,434/yr on $71,902 invested. Return on cash invested prints 33.03% in year one, and rental yield reads 11.85% against a $216,900 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation compiles into $59,925 by year five. Five-year ROI reaches 173.33% and total cumulative return in cash sums $124,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,141/mo property income covering a $1,062/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
N/A 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: Deborah Rezac • Camelot/Avalon Estates
Mls Name: My State MLS
Mls ID: #11411645