306 W Interstate AveBismarckND58503
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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
Rental property for sale in Bismarck at 306 W Interstate Ave, Bismarck, ND, 58503 offers $2,058/mo rent that, after a $1,319/mo payment, leaves $418/mo cash flow. Total monthly income is $2,058/mo, and annual cash flow is $5,014/yr on $89,339 cash. Return on cash invested measures 25.52% in year one, and rental yield stands at 9.16% at a $269,500 entry. Equity gained on principal adds $1,739/yr while 5% annual appreciation compounds into $74,458 by year five. Five-year ROI records 132.82% and total cumulative return in cash reaches $118,656. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,058/mo property income versus a $1,319/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
7,840 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: CRYSTAL NEUMANN • CORE Real Estate Advisors
Mls Name: Great North MLS
Mls ID: #4021036