2923 Armstrong StBismarckND58504
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 2923 Armstrong St, Bismarck, ND, 58504 generates $2,898/mo in rent and, after a $1,859/mo payment, leaves $586/mo in cash flow. Total monthly income is $2,898/mo, and annual cash flow is $7,035/yr on $125,937 invested. Return on cash invested sits at 25.5% in year one, and rental yield is 9.15% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 132.68% and total cumulative return in cash sums $167,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,898/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
10,454 sqft 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: HUNTER J ROLL • TRADEMARK REALTY
Mls Name: Great North MLS
Mls ID: #4023007