2710 Gateway Ave APT 3EBismarckND58503
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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 2710 Gateway Ave APT 3E, Bismarck, ND, 58503 listed at $150,000 pairs $1,472/mo rent with a $734/mo payment to leave $559/mo cash flow. Total monthly income runs $1,472/mo, and annual cash flow reaches $6,711/yr on $49,725 cash to close. Return on cash invested measures 33.41% in year one, and rental yield registers 11.78% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 175.17% and total cumulative return in cash totals $87,102. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,472/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
1.04 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: Lorrie Nantt • RE/MAX Integrity Realty
Mls Name: Great North MLS
Mls ID: #4022983