42461 Kerns 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 42461 Kerns Dr, North Mankato, MN, 56003 uses $99,417 cash to close to unlock $5,306/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $2,315/mo, and a $1,468/mo payment keeps the spread at $442/mo. Purchase price stands at $299,900, and rental yield measures 9.26% with $2,315/mo rent. Return on cash invested shows 25.25% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 131.58% and total cumulative return in cash records $130,816. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,315/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1991
1.48 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
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Listed by: Angie VanEman Lynch • American Way Realty
Mls Name: RASM
Mls ID: #7038916