507 2nd Ave NEMandanND58554
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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
Rental property for sale in Mandan at 507 2nd Ave NE, Mandan, ND, 58554 generates $1,264/mo in rent and, after a $1,003/mo payment, leaves $17/mo in cash flow. Total monthly income is $1,264/mo, and annual cash flow is $201/yr on $67,958 invested. Return on cash invested sits at 20.2% in year one, and rental yield is 7.4% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 104.28% and total cumulative return in cash sums $70,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,264/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
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: KEENAN R LUNDE • Realty One Group - Encore
Mls Name: Great North MLS
Mls ID: #4022038