2200 Anchorage DrNorth MankatoMN56003
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 North Mankato at 2200 Anchorage Dr, North Mankato, MN, 56003 at $389,000 posts ROI 27.63% with $830/mo cash flow from $3,259/mo rent. Total monthly income equals $3,259/mo, and annual cash flow records $9,958/yr on $128,954 to close. Return on cash invested measures 27.63% and rental yield reads 10.05% at the current $389,000. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 by year five. Five-year ROI prints 144.32% and total cumulative return in cash totals $186,102.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,259/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
8,276 sqft 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: REBECCA THATE • Re/Max Advantage Plus Mankato
Mls Name: RASM
Mls ID: #7039190