42433 Kerns 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 42433 Kerns Dr, North Mankato, MN, 56003 earns from $3,323/mo rent with a $2,736/mo payment. Total monthly income totals $3,323/mo. ROI tracks 18.97% on current figures, and rental yield reads 7.13% at a $559,000 purchase. Equity gained on principal adds $3,607/yr, and 5% annual appreciation supports $154,441 over five years. Five-year ROI reaches 97.84% and total cumulative return in cash sums $179,931. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,323/mo property income instead of your personal income.
Single Family
Built in 1992
1.78 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angie Elliott • Edina Realty Inc. Mankato
Mls Name: RASM
Mls ID: #7038285