1218 Salmon StCity of bismarckND58503
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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 City of bismarck at 1218 Salmon St, City of bismarck, ND, 58503 generates $3,486/mo in rent and, after a $2,447/mo payment, leaves $443/mo in cash flow. Total monthly income is $3,486/mo, and annual cash flow is $5,319/yr on $165,717 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 8.37% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 119.93% and total cumulative return in cash sums $198,744. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,486/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
0.30 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: DAN R EASTGATE • VENTURE REAL ESTATE
Mls Name: Great North MLS
Mls ID: #4023128