2234 Sherman DrBismarckND58504
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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 2234 Sherman Dr, Bismarck, ND, 58504 offers a 9.36% rental yield on a $490,000 purchase with $3,820/mo rent. Total monthly income registers $3,820/mo, and a $2,398/mo payment leaves $838/mo available for distribution. Annual cash flow reaches $10,057/yr on $162,435 to close, and return on cash invested stands at 26.1% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 135.93% and total cumulative return in cash at $220,800. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,820/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58504, Bismarck, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,646 (100%) |
| Owner Occupied HU | 8,620 (68.2%) |
| Renter Occupied HU | 3,210 (25.4%) |
| Vacant Housing Units | 816 ( 6.5%) |
| Median Home Value | $329,709 |
| Average Home Value | $354,917 |
Housing Distribution
Address Breakdown
Residential
12,432
Single Family
8,904
Multi-Family
3,528
Businesses
1,122
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Listed by: DENISE M ZIEGLER • Better Homes and Gardens Real Estate Alliance Group
Mls Name: Great North MLS
Mls ID: #4022910