1117 E Lasalle Dr UNIT 6BismarckND58503
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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 1117 E Lasalle Dr UNIT 6, Bismarck, ND, 58503 listed at $206,500 pairs $2,057/mo rent with a $1,011/mo payment to leave $800/mo cash flow. Total monthly income runs $2,057/mo, and annual cash flow reaches $9,599/yr on $68,455 cash to close. Return on cash invested measures 33.93% in year one, and rental yield registers 11.95% at a $206,500 basis. Equity gained on principal adds $1,333/yr, and annual property appreciation at 5% supports $57,052 by year five. Five-year ROI tracks 177.91% and total cumulative return in cash totals $121,785. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,057/mo property income relative to a $1,011/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2012
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58503, Bismarck, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,045 (100%) |
| Owner Occupied HU | 11,533 (71.9%) |
| Renter Occupied HU | 3,639 (22.7%) |
| Vacant Housing Units | 873 ( 5.4%) |
| Median Home Value | $408,045 |
| Average Home Value | $431,276 |
Housing Distribution
Address Breakdown
Residential
16,505
Single Family
12,174
Multi-Family
4,331
Businesses
839
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Listed by: DENISE M ZIEGLER • Better Homes and Gardens Real Estate Alliance Group
Mls Name: Great North MLS
Mls ID: #4020683