183 Kingsway 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 183 Kingsway Dr, North Mankato, MN, 56003 priced at $233,900 pairs $2,098/mo rent with $637/mo cash flow after a $1,145/mo payment. Total monthly income equals $2,098/mo, and annual cash flow comes to $7,647/yr on $77,538 invested. Return on cash invested is 29.77% in year one, and rental yield stands at 10.76% on a $233,900 basis. Equity gained on principal adds $1,509/yr, and 5% annual appreciation accumulates to $64,622 by year five. Five-year ROI measures 155.84% and total cumulative return in cash reaches $120,835. For financing, Ziffy Mortgage’s DSCR program evaluates $2,098/mo property income against a $1,145/mo payment instead of your W2s, 1099s, or Tax returns.
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
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Listed by: Deborah Rezac • Camelot/Avalon Estates
Mls Name: My State MLS
Mls ID: #11411653