1609 Pleasant View DrNorth MankatoMN56003
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1609 Pleasant View Dr, North Mankato, MN, 56003 in North Mankato at $269,500 earns $1,813/mo in rent and nets $130/mo after the $1,212/mo payment, a 8.07% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $74,458 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $2,482/yr in principal paydown, total projected return reaches $110,649.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $130 | $350 |
City averages based on North Mankato market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,813 |
| Total Monthly Debt Service | $1,576 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1979
9,583 sqft 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
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
Townhouse
Built in 1979
9,583 sqft 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: JEN TRUE • True Real Estate
Mls Name: RASM
Mls ID: #7039409