102 W Antelope St · Mandan, ND 58554

$65,000

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 17 Days on market

Built 2020 Fair condition Est $69k · 6% under

---

Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +10.3/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +5.0/5.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER BRING AN OFFER! Well maintained mobile home with 3 bedrooms and a full bathroom. The open floor plan allows for lots of light to fill the kitchen and living room. The home has 3 bedrooms which includes a large master bedroom. The laundry is right off the master with the washer and dryer included. The exterior is in great shape with a yard shed included. Call an agent today to look at this clean home.

Key facts

• Driveway
• Private bathroom
• Nice yard

Tags

• OPEN-CONCEPT LAYOUT
• PRIVATE BATHROOM
• NICE YARD
• DRIVEWAY
• NEWER HOME
• ESTABLISHED COMMUNITY

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Manufactured home (single wide); Residential property
• Construction: Vinyl siding; Built as a manufactured home
• Exterior features: No additional exterior features listed; Shingle roof

Interior

• Kitchen: Dishwasher; Gas range; Refrigerator
• Bedrooms: Bedrooms located on main level
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Ceiling fan(s) for cooling; Forced air heating; Natural gas heating
• Interior features: Ceiling fans; Window treatments

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $65k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $527 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $64k (1.5% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 2.7% in Mandan — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#76 in ND) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A; Watch: crime C-, amenities F, commute F.
• Mandan 1 (suburban): math 35% / reading 38% proficiency, ranked #32 of 53 in ND (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mandan Middle School (math 36% / reading 40%, grade F, #21 of 35 statewide, top 59%, 928 students, 30% FRL); Mandan High School (math 18% / reading 42%, grade F, #90 of 144 statewide, top 66%, 1,138 students, 25% FRL) — zoned schools at 28% FRL track the district average.
• Market conditions: Rents rising fast (+14.0%/yr); 304 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 94 units permitted in Morton County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Morton County population projected at +48% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $64,025 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.90% ✓
• Cap rate: 16.02%
• Cash-on-cash: 34.73%
• DSCR: 2.55
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $69,312
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
403 E Prairie Ln	0.20mi	3/2.0	1,216 (0%)	3mo	$65,000	$53	88
203 E Deer St	0.26mi	3/2.0	1,250 (+3%)	1mo	$35,000	$28	82
213 S Prairie Ln	0.29mi	3/2.0	1,216 (0%)	7mo	$69,000	$57	80
229 Prairie Ln	0.33mi	3/2.0	1,216 (0%)	10mo	$29,900	$25	77
102 Deer St	0.15mi	3/2.0	1,140 (-6%)	8mo	$79,000	$69	76
104 Deer St	0.15mi	3/2.0	1,140 (-6%)	9mo	$79,000	$69	76
185 South Prairie Ln	0.27mi	3/2.0	1,280 (+5%)	9mo	$70,000	$55	71
703 6th Ave SE Unit C16	0.42mi	3/1.0	1,140 (-6%)	7mo	$79,999	$70	60
405 Prairie Ln	0.20mi	2/2.0 (-1)	1,076 (-12%)	8mo	$26,000	$24	60
1217 9th Ave SE	0.74mi	3/2.0	1,280 (+5%)	2mo	$217,500	$170	56
105 Gateway Trl	0.72mi	3/2.0	1,280 (+5%)	3mo	$30,000	$23	56
1208 7th Ave SE	0.67mi	3/1.0	1,320 (+9%)	7mo	$145,000	$110	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 35.8%
• Equity multiple: 2.62×
• Total profit: $29,560
• Equity at exit: $9,692

10-year hold

• IRR: 45.0%
• Equity multiple: 6.42×
• Total profit: $98,725
• Equity at exit: $5,620

Cash invested: $18,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 82 Strongly Landlord-Friendly
• State North Dakota: 82 Strongly Landlord-Friendly · R+20
• County: — inherits STATE
• City: — inherits STATE

3-day notice; landlord-friendly.

Methodology + full state rankings →

ZIP-level market 58554

• Rents YoY: 14.0%
• Active inventory: 304
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,235 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $527

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 52%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 1st St NW Mandan, ND	1.0–2.0	1.0	887	$1,150	$1.30	21d	11	0.47mi
611 9th Ave SW Mandan, ND	2.0	1.0	942	$1,125	$1.19	21d	1	0.67mi
406 4th St NW Mandan, ND	3.0	1.5	1208	$1,200	$0.99	21d	1	0.69mi
1504 Shannon Dr NE Mandan, ND	2.0	1.0	1000	$1,000	$1.00	21d	1	1.22mi

Listing history 13 events

1. 2026-06-19
   days on market $65,000 Active 17 DOM
2. 2026-06-18
   days on market $65,000 Active 16 DOM
3. 2026-06-17
   days on market $65,000 Active 15 DOM
4. 2026-06-16
   days on market $65,000 Active 14 DOM
5. 2026-06-15
   days on market $65,000 Active 13 DOM
6. 2026-06-14
   days on market $65,000 Active 11 DOM
7. 2026-06-13
   days on market $65,000 Active 10 DOM
8. 2026-06-10
   days on market $65,000 Active 8 DOM
9. 2026-06-09
   days on market $65,000 Active 7 DOM
10. 2026-06-08
    days on market $65,000 Active 6 DOM
11. 2026-06-07
    days on market $65,000 Active 5 DOM
12. 2026-06-05
    days on market $65,000 Active 2 DOM
13. 2026-06-03
    listed $65,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 12 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,824
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,186
• − Management: −$1,186
• − Depreciation: −$1,891
• Taxable income: $5,620
• Est. tax owed @ 24.0%: −$1,349
• After-tax cash flow: $4,972/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This mobile home requires moderate repairs and maintenance, with potential for significant value increase through cosmetic updates.

Repairs flagged

• Moderate Kitchen cabinets — Worn appearance
• Minor Bathroom fixtures — Slight discoloration

Value-add opportunities

• Both Paint exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Resale Replace worn kitchen cabinets — New cabinets improve functionality and appearance
• Resale Upgrade bathroom fixtures — Modern fixtures attract more buyers

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn appearance	Moderate	$3,000–15,000
Bathroom fixtures · Slight discoloration	Minor	$500–3,000
Total estimated repair cost · 2 items		$3,500–18,000

Value-add ROI direction

• Both Paint exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Resale Replace worn kitchen cabinets — New cabinets improve functionality and appearance ↑
• Resale Upgrade bathroom fixtures — Modern fixtures attract more buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Mandan 1
• NCES district ID: 3811820
• Math proficiency: 35% ▼ -11.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $60,131
• Composite: 32.55/100
• National rank: #5692
• State rank: #32 of 53 in ND

Livability — Mandan

• Score: 70/100
• State rank: #76
• US rank: #7567

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment A Housing A+ Health & safety D- User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mandan, ND
• County: Morton County · 29,479 people
• City population: 29,479
• Metro: Bismarck, ND
• Population (ZIP): 29,479
• Household income: $80,120
• Rent vs Own: 27.2% rent · 72.8% own
• Severe rent burden: 915.0

Population outlook (Morton County) Hauer SSP2

• Today (2025): 36,682 people
• By 2030: 39,967 · +9.0%
• By 2040: 46,921 · +27.9%
• By 2050: 54,157 · +47.6%
• By 2075: 73,661 · +100.8%
• By 2100: 89,885 · +145.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 5% Native American 4% Two or more races 4% Black 2%
• Common ancestry: Portuguese 14% Scotch-Irish 4% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Morton

• 2024 margin: Solid R (+53.8) · D 22.2% · R 75.9% · Other 1.9%
• 2008→2024 swing: -32.7pp toward R · 2008: -21.0pp · 2024: -53.8pp
• All cycles: 2024: R+53.8 2020: R+50.4 2016: R+53.0 2012: R+31.1 2008: R+21.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -161.81%
• Current HPI: 137.8984
• Rent YoY: ▲ 14.00%
• Metro: Bismarck, ND
• State GDP YoY: ▲ 2.09%
• F500 in state: 2

Industry mix (Fortune 500 HQ in ND)

Industry	F500 HQs	Revenue
▸Utilities / Construction	1	$6B

Price history

+161.0% since first listed

3 events — show timeline

• 2026-06-02 Listed $65,000 GNMLS
• 2017-11-22 Sold (MLS) — GNMLS
• 2017-09-18 Listed $24,900 GNMLS