208 Chancery LnMankatoMN56001
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 208 Chancery Ln, Mankato, MN, 56001 at $492,000 posts ROI 29.05% with $1,243/mo cash flow from $4,315/mo rent. Total monthly income equals $4,315/mo, and annual cash flow records $14,914/yr on $163,098 to close. Return on cash invested measures 29.05% and rental yield reads 10.52% at the current $492,000. Equity gained on principal adds $3,175/yr, and 5% annual appreciation supports $135,931 by year five. Five-year ROI prints 151.94% and total cumulative return in cash totals $247,816.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,315/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
0.77 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices