511 N Commercial StMankatoKS66956
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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 511 N Commercial St, Mankato, KS, 66956 priced at $140,000 converts $1,201/mo rent into $270/mo cash flow after a $685/mo obligation. Total monthly income equals $1,201/mo, and annual cash flow totals $3,238/yr on $46,410 invested. Return on cash invested prints 26.89% in year one, and rental yield reads 10.29% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 140.89% and total cumulative return in cash sums $65,386. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,201/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66956, Mankato, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 795 (100%) |
| Owner Occupied HU | 491 (61.8%) |
| Renter Occupied HU | 153 (19.2%) |
| Vacant Housing Units | 151 (19.0%) |
| Median Home Value | $80,227 |
| Average Home Value | $168,910 |
Housing Distribution
Address Breakdown
Residential
525
Single Family
524
Multi-Family
1
Businesses
80
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