217 E Avenue DBismarckND58501
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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 217 E Avenue D, Bismarck, ND, 58501 generates $1,716/mo in rent and, after a $1,076/mo payment, leaves $378/mo in cash flow. Total monthly income is $1,716/mo, and annual cash flow is $4,535/yr on $72,897 invested. Return on cash invested sits at 26.13% in year one, and rental yield is 9.36% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 136.06% and total cumulative return in cash sums $99,184. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,716/mo property income rather than buyer’s personal income.
Condo
Built in 2019
5,662 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: TAMMI K WINBAUER • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4021599