501 3rd Ave SEMandanND58554
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Mandan rentals match the income profile of 501 3rd Ave SE, Mandan, ND, 58554. Listed at $229,900, gross rent is $1,997/mo and net cash flow is $598/mo, a 10.42% yield well above national averages. DSCR 1.93 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $63,517 by year five with $2,117/yr in annual principal reduction, projecting $125,581 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.0% |
| Monthly Cash Flow | $598 | $300 |
City averages based on Mandan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,997 |
| Total Monthly Debt Service | $1,308 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1929
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1929
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JAMES J JEROMCHEK • BIANCO REALTY, INC.
Mls Name: Great North MLS
Mls ID: #4020063