116 Independence AveBismarckND58503
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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 116 Independence Ave, Bismarck, ND, 58503 priced at $388,000 converts $2,797/mo rent into $436/mo cash flow after a $1,899/mo obligation. Total monthly income equals $2,797/mo, and annual cash flow totals $5,228/yr on $128,622 invested. Return on cash invested prints 23.97% in year one, and rental yield reads 8.65% against a $388,000 entry. Equity gained on principal adds $2,504/yr, while 5% annual appreciation compiles into $107,197 by year five. Five-year ROI reaches 124.51% and total cumulative return in cash sums $160,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,797/mo property income covering a $1,899/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.29 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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