603 Cobblestone Loop SWMandanND58554
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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 603 Cobblestone Loop SW, Mandan, ND, 58554 uses $112,677 cash to close to unlock $5,387/yr annual cash flow and $449/mo monthly cash flow. Total monthly income runs $2,518/mo, and a $1,664/mo payment keeps the spread at $449/mo. Purchase price stands at $339,900, and rental yield measures 8.89% with $2,518/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 128.33% and total cumulative return in cash records $144,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,518/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2018
0.37 Acres 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: Frankie Sue Pierson • eXp Realty
Mls Name: Great North MLS
Mls ID: #4020954