541 Nicollet AveNorth 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
Rental property for sale in North Mankato at 541 Nicollet Ave, North Mankato, MN, 56003 priced at $284,000 pairs $2,077/mo rent with $304/mo cash flow after a $1,390/mo payment. Total monthly income equals $2,077/mo, and annual cash flow comes to $3,643/yr on $94,146 invested. Return on cash invested is 23.78% in year one, and rental yield stands at 8.78% on a $284,000 basis. Equity gained on principal adds $1,833/yr, and 5% annual appreciation accumulates to $78,464 by year five. Five-year ROI measures 123.68% and total cumulative return in cash reaches $116,441. For financing, Ziffy Mortgage’s DSCR program evaluates $2,077/mo property income against a $1,390/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
7,405 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: Melissa Bode • True Real Estate
Mls Name: RASM
Mls ID: #7038590