601 Baker AveMankatoMN56001
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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 Mankato at 601 Baker Ave, Mankato, MN, 56001 at $874,000 posts ROI 9.7% with from $2,975/mo rent. Total monthly income equals $2,975/mo. Return on cash invested measures 9.7% and rental yield reads 4.08% at the current $874,000. Equity gained on principal adds $5,640/yr, and 5% annual appreciation supports $241,470 by year five. Five-year ROI prints 48.14% and total cumulative return in cash totals $138,417. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,975/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1916
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56001, Mankato, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,652 (100%) |
| Owner Occupied HU | 11,305 (49.9%) |
| Renter Occupied HU | 9,849 (43.5%) |
| Vacant Housing Units | 1,498 ( 6.6%) |
| Median Home Value | $318,757 |
| Average Home Value | $350,559 |
Housing Distribution
Address Breakdown
Residential
21,723
Single Family
15,275
Multi-Family
6,448
Businesses
1,781
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Listed by: Candee Deichman • Century 21 Atwood
Mls Name: RASM
Mls Provider:
Mls ID: #7038621
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-09-20 10:35:40 PDT