1308 Plains Bnd SEMandanND58554
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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 1308 Plains Bnd SE, Mandan, ND, 58554 offers a 7.85% rental yield on a $514,900 purchase with $3,368/mo rent. Total monthly income registers $3,368/mo, and a $2,520/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,813/yr on $169,402 to close, and return on cash invested stands at 21.72% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,257 over five years. Portfolio math shows five-year ROI at 112.4% and total cumulative return in cash at $190,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,368/mo property income against a $2,520/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.26 Acres 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: AMY D HULLET • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4023020