1009 Riverview AveBismarckND58504
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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 Bismarck at 1009 Riverview Ave, Bismarck, ND, 58504 uses $74,554 cash to close to unlock $1,488/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $1,493/mo, and a $1,101/mo payment keeps the spread at $124/mo. Purchase price stands at $224,900, and rental yield measures 7.97% with $1,493/mo rent. Return on cash invested shows 21.9% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 113.38% and total cumulative return in cash records $84,529. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,493/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1956
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58504, Bismarck, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,646 (100%) |
| Owner Occupied HU | 8,620 (68.2%) |
| Renter Occupied HU | 3,210 (25.4%) |
| Vacant Housing Units | 816 ( 6.5%) |
| Median Home Value | $329,709 |
| Average Home Value | $354,917 |
Housing Distribution
Address Breakdown
Residential
12,432
Single Family
8,904
Multi-Family
3,528
Businesses
1,122
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Listed by: Julia Seydel • Black Star Realty
Mls Name: Great North MLS
Mls ID: #4022202