1686 La Mar 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
Rental property for sale in North Mankato at 1686 La Mar Dr, North Mankato, MN, 56003 generates $1,377/mo in rent and, after a $1,003/mo payment, leaves $97/mo in cash flow. Total monthly income is $1,377/mo, and annual cash flow is $1,167/yr on $67,958 invested. Return on cash invested sits at 21.63% in year one, and rental yield is 8.06% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 112.17% and total cumulative return in cash sums $76,230. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,377/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
3,484 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
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Listed by: Aubrey Leasure • Keller Williams Preferred Realty
Mls Name: RASM
Mls ID: #7038259