1204 2nd St NWMandanND58554
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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 Mandan at 1204 2nd St NW, Mandan, ND, 58554 uses $52,709 cash to close to unlock $3,006/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $1,218/mo, and a $778/mo payment keeps the spread at $251/mo. Purchase price stands at $159,000, and rental yield measures 9.19% with $1,218/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash records $70,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,218/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1926
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58554, Mandan, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,523 (100%) |
| Owner Occupied HU | 8,722 (64.5%) |
| Renter Occupied HU | 3,813 (28.2%) |
| Vacant Housing Units | 988 ( 7.3%) |
| Median Home Value | $291,251 |
| Average Home Value | $350,900 |
Housing Distribution
Address Breakdown
Residential
12,769
Single Family
11,187
Multi-Family
1,582
Businesses
892
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Listed by: BRANDON L FETTIG • BIANCO REALTY, INC.
Mls Name: Great North MLS
Mls ID: #4021514