2112 Deerwood 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 2112 Deerwood Dr, North Mankato, MN, 56003 priced at $595,000 converts $2,702/mo rent into after a $2,912/mo obligation. Total monthly income equals $2,702/mo. Return on cash invested prints 13.85% in year one, and rental yield reads 5.45% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 70.39% and total cumulative return in cash sums $137,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,702/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.43 Acres 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: JEN TRUE • True Real Estate
Mls Name: RASM
Mls ID: #7034943