2223 Fairbanks 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
Investment property for sale in North Mankato at 2223 Fairbanks Dr, North Mankato, MN, 56003 listed at $374,900 pairs $2,704/mo rent with a $1,835/mo payment to leave $363/mo cash flow. Total monthly income runs $2,704/mo, and annual cash flow reaches $4,355/yr on $124,279 cash to close. Return on cash invested measures 23.41% in year one, and rental yield registers 8.66% at a $374,900 basis. Equity gained on principal adds $2,419/yr, and annual property appreciation at 5% supports $103,578 by year five. Five-year ROI tracks 121.71% and total cumulative return in cash totals $151,255. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,704/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
7,840 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: Michelle Starkey • True Real Estate
Mls Name: RASM
Mls ID: #7037986