602 Hillview PlMandanND58554
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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
Investment Highlights
Rental property for sale in Mandan at 602 Hillview Pl, Mandan, ND, 58554 priced at $309,900 converts $2,192/mo rent into $306/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,192/mo, and annual cash flow totals $3,668/yr on $102,732 invested. Return on cash invested prints 23.48% in year one, and rental yield reads 8.49% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 121.86% and total cumulative return in cash sums $125,184. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,192/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1976
9,583 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: FRAN KNOLL • Capital Real Estate Partners
Mls Name: Great North MLS
Mls ID: #4020792