1002 N 2nd StBismarckND58501
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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 Bismarck at 1002 N 2nd St, Bismarck, ND, 58501 generates $1,679/mo in rent and, after a $1,223/mo payment, leaves $158/mo in cash flow. Total monthly income is $1,679/mo, and annual cash flow is $1,898/yr on $82,842 invested. Return on cash invested sits at 22.2% in year one, and rental yield is 8.06% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 115.06% and total cumulative return in cash sums $95,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,679/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58501, Bismarck, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,106 (100%) |
| Owner Occupied HU | 7,376 (52.3%) |
| Renter Occupied HU | 5,445 (38.6%) |
| Vacant Housing Units | 1,285 ( 9.1%) |
| Median Home Value | $307,027 |
| Average Home Value | $339,224 |
Housing Distribution
Address Breakdown
Residential
13,152
Single Family
9,577
Multi-Family
3,575
Businesses
1,174
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Listed by: Steven Boyer • ELITE REAL ESTATE, LLC
Mls Name: Minot MLS
Mls ID: #251811