1924 N 16th St UNIT 4BismarckND58501
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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 1924 N 16th St UNIT 4, Bismarck, ND, 58501 listed at $244,900 pairs $1,810/mo rent with a $1,199/mo payment to leave $319/mo cash flow. Total monthly income runs $1,810/mo, and annual cash flow reaches $3,830/yr on $81,184 cash to close. Return on cash invested measures 24.63% in year one, and rental yield registers 8.87% at a $244,900 basis. Equity gained on principal adds $1,580/yr, and annual property appreciation at 5% supports $67,661 by year five. Five-year ROI tracks 128.06% and total cumulative return in cash totals $103,961. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,810/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
1,306 sqft 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: Kelsi Hach • Rafter Real Estate
Mls Name: Great North MLS
Mls ID: #4023105