206 McKinley StManchesterMN56007
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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 Manchester at 206 McKinley St, Manchester, MN, 56007 priced at $118,000 converts $2,017/mo rent into $1,266/mo cash flow after a $578/mo obligation. Total monthly income equals $2,017/mo, and annual cash flow totals $15,192/yr on $39,117 invested. Return on cash invested prints 58.75% in year one, and rental yield reads 20.51% against a $118,000 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation compiles into $32,601 by year five. Five-year ROI reaches 311.5% and total cumulative return in cash sums $121,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,017/mo property income covering a $578/mo payment, not borrower’s personal income.
Single Family
Built in 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56007, Albert Lea, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,809 (100%) |
| Owner Occupied HU | 6,318 (64.4%) |
| Renter Occupied HU | 2,698 (27.5%) |
| Vacant Housing Units | 793 ( 8.1%) |
| Median Home Value | $183,496 |
| Average Home Value | $231,635 |
Housing Distribution
Address Breakdown
Residential
9,333
Single Family
8,163
Multi-Family
1,170
Businesses
806
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Listed by: Samantha Kaul • Century 21 Atwood
Mls Name: RASM
Mls Provider:
Mls ID: #7038756
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: 2025-12-25 02:35:36 PST