281 Sandpiper AveBismarckND58504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 281 Sandpiper Ave, Bismarck, ND, 58504 priced at $130,000 converts $1,040/mo rent into $249/mo cash flow after a $636/mo obligation. Total monthly income equals $1,040/mo, and annual cash flow totals $2,989/yr on $43,095 invested. Return on cash invested prints 26.85% in year one, and rental yield reads 9.6% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 139.99% and total cumulative return in cash sums $60,327. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,040/mo property income covering a $636/mo payment, not borrower’s personal income.
Manufactured
Built in 2019
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Bennett • Realty One Group - Encore
Mls Name: Great North MLS
Mls ID: #4022356