213 3rd Ave SWMandanND58554
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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
Rental property for sale in Mandan at 213 3rd Ave SW, Mandan, ND, 58554 priced at $279,900 pairs $1,882/mo rent with $178/mo cash flow after a $1,370/mo payment. Total monthly income equals $1,882/mo, and annual cash flow comes to $2,141/yr on $92,787 invested. Return on cash invested is 22.22% in year one, and rental yield stands at 8.07% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 115.12% and total cumulative return in cash reaches $106,813. For financing, Ziffy Mortgage’s DSCR program evaluates $1,882/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
6,969 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: PAIGE DANNER • eXp Realty
Mls Name: Great North MLS
Mls ID: #4022020