501 7th St 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 501 7th St NW, Mandan, ND, 58554 offers a 5.52% rental yield on a $344,900 purchase with $1,586/mo rent. 52% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,290 over five years. Portfolio math shows five-year ROI at 73.82% and total cumulative return in cash at $84,405. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,586/mo property income against a $1,688/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi 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: Pamela K Schafer • BIANCO REALTY, INC.
Mls Name: Great North MLS
Mls ID: #4022185