411 N Broad 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
Rental property for sale in Mankato at 411 N Broad St, Mankato, MN, 56001 priced at $197,000 converts $1,507/mo rent into $277/mo cash flow after a $964/mo obligation. Total monthly income equals $1,507/mo, and annual cash flow totals $3,325/yr on $65,306 invested. Return on cash invested prints 25% in year one, and rental yield reads 9.18% against a $197,000 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation compiles into $54,427 by year five. Five-year ROI reaches 130.28% and total cumulative return in cash sums $85,082. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,507/mo property income covering a $964/mo payment, not borrower’s personal income.
Single Family
Built in 1939
5,227 sqft 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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