532 Range StNorth 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 532 Range St, North Mankato, MN, 56003 at $284,900 posts ROI 27.7% with $613/mo cash flow from $2,392/mo rent. Total monthly income equals $2,392/mo, and annual cash flow records $7,361/yr on $94,444 to close. Return on cash invested measures 27.7% and rental yield reads 10.08% at the current $284,900. Equity gained on principal adds $1,838/yr, and 5% annual appreciation supports $78,713 by year five. Five-year ROI prints 144.73% and total cumulative return in cash totals $136,691.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,392/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in N/A
6,534 sqft 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: Kevin Goettl • Re/Max Results
Mls Name: RASM
Mls ID: #7039180