2824 Promontory DrCity of bismarckND58503
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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
Total monthly income runs $5,918/mo, and a $4,649/mo payment. Purchase price stands at $949,900, and rental yield measures 7.48% with $5,918/mo rent. Return on cash invested shows 19.85% in year one, and 5% annual appreciation builds toward $262,440 over five years. Five-year ROI reaches 102.63% and total cumulative return in cash records $320,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,918/mo property income covering a $4,649/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.45 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: Nicole DeKrey • VENTURE REAL ESTATE
Mls Name: Great North MLS
Mls ID: #4018034
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.