Mankato

Neighborhood profile

Listings we track

14

Median price per unit

$125K

Typical cash flow

−$382

median per month, 20% down

Rent rules

No cap

Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

Duplex

+$739/mo cash flow

Cash flows · cap 9.9% · 20% down

$249,900

2 units7 bd3 ba2,550 sqft

802 Le Hillier St, Mankato

Rents: RentCast comps

Duplex

−$2,213/mo cash flow

Far off · cap 1.4% · 20% down

$529,800

2 units4 bd4 ba1,716 sqft

3120 And 3122 Noble Dr, Mankato

Rents: 7 rentals within 2.5 mi

Ways to slice it

Needs more info

Left out of the rankings until a data problem is resolved.

All listings

14 listings. Filter by price or units, or switch the down payment.

1. 802 Le Hillier St

   $249,900 · 2 units
   Cash flows
   Cash flow $739/mo Cap 9.9% Break-even price $389K Yr 30 vs stocks 5.07× Positive in yr 1

   Numbers look decent on paper and the cosmetics are clean, but with no rents or systems info yet, treat it as unproven until you see the rent roll.

2. 802 Lehiller St

   $249,900 · 2 units
   Cash flows
   Cash flow $497/mo Cap 8.8% Break-even price $343K Yr 30 vs stocks 4.03× Positive in yr 2

   Numbers look decent on paper and rents have upside, but taxes, leases and systems are all unverified, so get the paperwork before spending time on it.

   Taxes unknown. No county parcel match, so tax bill and legal unit count are unverified.

3. 210 E Thompson St

   $194,900 · 2 units
   Cash flows
   Cash flow $401/mo Cap 8.9% Break-even price $270K Yr 30 vs stocks 4.21× Positive in yr 1

   Reasonable-looking Mankato up/down with a recent roof and decent numbers, but verify taxes, utility costs and the basement bedroom before getting excited.

   Owner pays all utilities for both units, including electric and gas; costs may exceed our estimate

4. 2005 7th Ave

   $174,800 · 2 units
   Close
   Cash flow −$65/mo Cap 5.9% Break-even price $163K Yr 30 vs stocks 2.02× Positive in yr 4

   A thin listing on a 145-year-old duplex that loses money at asking; only worth a look if the rents are verified and the price drops toward $163K.

   No rents, lease terms or expenses given; income is only described as 'potential'.

5. 1219 E Main St

   $265,000 · 1 units
   Overpriced
   Cash flow −$382/mo Cap 4.7% Break-even price $193K Yr 30 vs stocks 1.16× Positive in yr 13

   A well-kept student-style rental with a new roof, but at $265K it loses about $380 a month and only works near $193K.

   Rental license is for 5 unrelated occupants, not a unit-count license; confirm transferability and the cap on occupants

6. 229 Locke St

   $250,000 · 1 units
   Close
   Cash flow −$257/mo Cap 5.2% Break-even price $202K Yr 30 vs stocks 1.40× Positive in yr 9

   A 4-bed student rental priced above what the numbers support, with no real rent data, so verify the license and rents and negotiate toward about $200K.

   Income is a projection, not a rent roll. No actual rents or leases given.

7. 520 S 2nd St

   $550,000 · 2 units
   Overpriced
   Cash flow −$675/mo Cap 4.9% Break-even price $423K Yr 30 vs stocks 1.32× Positive in yr 11

   The 8.6 cap doesn't hold up against our 4.9% at asking, and a single master lease makes this riskier than it looks, so it only works well below about $423K.

   Single lease covers both units, so one tenant default empties the whole building.

8. 1404 N 5th St

   $194,999 · 2 units
   Overpriced
   Cash flow −$242/mo Cap 4.9% Break-even price $149K Yr 30 vs stocks 1.24× Positive in yr 12

   Updated big systems, but at $195K the rents don't carry it; it works closer to $150K.

   Priced well above what the rents support; break-even is about $52K below ask

9. 616 N Broad St

   $250,000 · 2 units
   Overpriced
   Cash flow −$516/mo Cap 3.9% Break-even price $153K Yr 30 vs stocks 0.81× Positive in yr 21

   Good-looking, well-updated brick duplex, but at $250K it loses money every month and only works near $153K or as a house-hack.

   No rents, lease terms or expenses given; income is unverified

10. 303 N Broad St

    $375,000 · 4 units
    Overpriced
    Cash flow −$700/mo Cap 4.1% Break-even price $244K Yr 30 vs stocks 0.83× Positive in yr 19

    At $375K this loses about $700 a month by our math; it only works near $243K, so it is worth a look only after a deep price cut.

    Heat type and who pays for it is not stated. Photos show radiators and electric baseboard, so systems may be mixed. Owner-paid heat would cut cash flow further.

11. 3120 And 3122 Noble Dr

    $529,800 · 2 units
    Far off
    Cash flow −$2,213/mo Cap 1.4% Break-even price $114K Yr 30 vs stocks 0.37× Positive in 30+ yrs

    Nice new twin home with low maintenance, but at $529,800 the rents can't carry it and it only works at a far lower price.

12. 3121 Scotch Ln

    $599,900 · 3 units
    Far off
    Cash flow −$1,991/mo Cap 2.4% Break-even price $226K Yr 30 vs stocks 0.46× Positive in 30+ yrs

    Nice-looking new duplex, but at $599,900 it loses about $2,000 a month on our numbers, and it isn't built yet.

    Not yet built, so the photos may not show the actual units and the closing timeline is uncertain.

13. 412 Holly Ln

    $1,195,000 · 4 units
    Far off
    Cash flow −$4,058/mo Cap 2.3% Break-even price $432K Yr 30 vs stocks 0.48× Positive in 30+ yrs

    Nicely renovated, but at $1.195M it loses about $4K a month and only works near $430K unless the claimed rents are proven and the price drops sharply.

    Price is far above what the income supports; deeply negative cash flow at asking

14. 3117 And 3119 Noble Dr

    $599,900
    Needs more info

    Needs more info: No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.

Monthly cash flow

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