812 N 4th StMankatoMN56001
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
Rental property for sale in Mankato at 812 N 4th St, Mankato, MN, 56001 priced at $186,000 pairs $1,627/mo rent with $466/mo cash flow after a $910/mo payment. Total monthly income equals $1,627/mo, and annual cash flow comes to $5,591/yr on $61,659 invested. Return on cash invested is 28.98% in year one, and rental yield stands at 10.5% on a $186,000 basis. Equity gained on principal adds $1,200/yr, and 5% annual appreciation accumulates to $51,388 by year five. Five-year ROI measures 151.54% and total cumulative return in cash reaches $93,436. For financing, Ziffy Mortgage’s DSCR program evaluates $1,627/mo property income against a $910/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1911
0.75 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Greiner • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7036304
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 2024, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2024-02-12 10:03:05 PST