1123 E Lasalle Dr UNIT 3BismarckND58503
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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 1123 E Lasalle Dr UNIT 3, Bismarck, ND, 58503 uses $71,239 cash to close to unlock $9,203/yr annual cash flow and $767/mo monthly cash flow. Total monthly income runs $2,075/mo, and a $1,052/mo payment keeps the spread at $767/mo. Purchase price stands at $214,900, and rental yield measures 11.59% with $2,075/mo rent. Return on cash invested shows 32.83% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 171.99% and total cumulative return in cash records $122,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,075/mo property income covering a $1,052/mo payment rather than investor’s personal income.
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: STEVEN M BITZ • BITZ REALTY
Mls Name: Great North MLS
Mls ID: #4022434