Owner
$273,134
131 W 8TH ST, MANKATO, MN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,583
property type
Single Family Residential
hoa
No
About
Residential
Excellent Condition
Living Area
Detached Garage
2 Stories
Full Basement
Forced Air Unit
Metal
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1890
Building Size
1,583 sq ft
Lot Size
7,728 sq ft
Lot Size (Acres)
0.18 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
R01.08.13.379.016
County
Blue Earth County, MN
Metro Area
Mankato, MN
Zoning
—
Neighborhood/Subdivision
OGLE AND DAVIS ADDITION
Lot Number
14
School District
Mankato Public School District
Legal Description
OGLE & DAVIS ADD 014 001 00
Tax & Value Information
Market Value (Total)
$301,600
Building Value
$272,900
Land Value
$28,700
Annual Property Tax
—
Tax Assessment Year
2024
Assessed Value
$301,600
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
9/29/2014
Recording Date
10/3/2014
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$10,569
Return on Investment
15.60%
After Repair Value
$300,447
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$245,821
Renovation Cost
$13,657
Closing Costs (buying)
$4,916
Holding Costs
$7,458
Selling Costs
$18,027
Total Investment
$67,737
After Repair Value (ARV)
$300,447
Total Costs
$289,879
Estimated Profit
$10,569
Cash Invested
$62,821
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area