906 3rd 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 906 3rd St NW, Mandan, ND, 58554 uses $106,047 cash to close to unlock $1,497/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $2,072/mo, and a $1,566/mo payment keeps the spread at $125/mo. Purchase price stands at $319,900, and rental yield measures 7.77% with $2,072/mo rent. Return on cash invested shows 21.32% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 110.29% and total cumulative return in cash records $116,960. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,072/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1963
8,276 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: WILL GARDNER • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4021042