1200 W Owens Ave UNIT 3BismarckND58501
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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 1200 W Owens Ave UNIT 3, Bismarck, ND, 58501 uses $68,621 cash to close to unlock $7,924/yr annual cash flow and $660/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,013/mo payment keeps the spread at $660/mo. Purchase price stands at $207,000, and rental yield measures 11.13% with $1,920/mo rent. Return on cash invested shows 31.46% in year one, and 5% annual appreciation builds toward $57,190 over five years. Five-year ROI reaches 164.68% and total cumulative return in cash records $113,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,013/mo payment rather than investor’s personal income.
Condo
Built in 2008
0.90 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: MICHELE R HERNANDEZ • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022340