1702 1st AveMankatoMN56001
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
Investment property for sale in Mankato at 1702 1st Ave, Mankato, MN, 56001 uses $77,903 cash to close to unlock $7,161/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $2,064/mo, and a $1,150/mo payment keeps the spread at $597/mo. Purchase price stands at $235,000, and rental yield measures 10.54% with $2,064/mo rent. Return on cash invested shows 29.1% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 152.2% and total cumulative return in cash records $118,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,064/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1881
10,454 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: Kimm R Pastrana • Good Move Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6738476
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