301 6th Ave 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 301 6th Ave NW, Mandan, ND, 58554 uses $74,554 cash to close to unlock $6,096/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $1,877/mo, and a $1,101/mo payment keeps the spread at $508/mo. Purchase price stands at $224,900, and rental yield measures 10.02% with $1,877/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 146.55% and total cumulative return in cash records $109,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,877/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Multi Family
Built in 1952
5,662 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: BETH POSEY • RE/MAX CAPITAL
Mls Name: Great North MLS
Mls ID: #4019948
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.