1702 6th AveMankatoMN56001
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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 Mankato at 1702 6th Ave, Mankato, MN, 56001 generates $1,963/mo in rent and, after a $1,219/mo payment, leaves $337/mo in cash flow. Total monthly income is $1,963/mo, and annual cash flow is $4,040/yr on $82,544 invested. Return on cash invested sits at 24.8% in year one, and rental yield is 9.46% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 129.56% and total cumulative return in cash sums $106,940. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,963/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
10,428 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: Bonnie Kruger • Century 21 Atwood
Mls Name: RASM
Mls Provider:
Mls ID: #7037844
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-11-04 02:44:35 PST