3053 Greenwood DrBismarckND58503
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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 3053 Greenwood Dr, Bismarck, ND, 58503 uses $180,950 cash to close to unlock $8,239/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $4,034/mo, and a $2,692/mo payment keeps the spread at $687/mo. Purchase price stands at $550,000, and rental yield measures 8.8% with $4,034/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 127.9% and total cumulative return in cash records $231,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,034/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1993
9,147 sqft 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: MISSY MORITZ • BIANCO REALTY, INC.
Mls Name: Great North MLS
Mls ID: #4021405