317 E Spring StMankatoMN56001
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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 Mankato at 317 E Spring St, Mankato, MN, 56001 earns from $1,794/mo rent with a $1,590/mo payment. Total monthly income totals $1,794/mo. ROI tracks 17.29% on current figures, and rental yield reads 6.63% at a $324,900 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,764 over five years. Five-year ROI reaches 88.93% and total cumulative return in cash sums $95,777. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,794/mo property income instead of your personal income.
Multi Family
Built in N/A
0.88 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
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