4020 McKenzie Dr SE UNIT 2MandanND58554
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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 4020 McKenzie Dr SE UNIT 2, Mandan, ND, 58554 uses $71,273 cash to close to unlock $8,925/yr annual cash flow and $744/mo monthly cash flow. Total monthly income runs $2,052/mo, and a $1,052/mo payment keeps the spread at $744/mo. Purchase price stands at $215,000, and rental yield measures 11.45% with $2,052/mo rent. Return on cash invested shows 32.43% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 169.87% and total cumulative return in cash records $121,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,052/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 2009
3,920 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: Nathan A Engh • Realty One Group - Encore
Mls Name: Great North MLS
Mls ID: #4021671