2801 40th Ave SE UNIT 104MandanND58554
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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 2801 40th Ave SE UNIT 104, Mandan, ND, 58554 earns from $1,410/mo rent with a $1,810/mo payment. Total monthly income totals $1,410/mo. ROI tracks 11.68% on current figures, and rental yield reads 4.57% at a $369,900 purchase. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 over five years. Five-year ROI reaches 58.6% and total cumulative return in cash sums $71,854. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,410/mo property income instead of your personal income.
Condo
Built in 2005
10,018 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: DARCY D FETTIG • BIANCO REALTY, INC.
Mls Name: Great North MLS
Mls ID: #4022558