504 Mehrer DrBismarckND58504
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 504 Mehrer Dr, Bismarck, ND, 58504 priced at $669,900 converts $2,766/mo rent into after a $3,279/mo obligation. Total monthly income equals $2,766/mo. Return on cash invested prints 12.92% in year one, and rental yield reads 4.95% against a $669,900 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation compiles into $185,081 by year five. Five-year ROI reaches 65.2% and total cumulative return in cash sums $143,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,766/mo property income covering a $3,279/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.45 Acres 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
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Listed by: DARREN SCHMIDT • Oaktree Realtors
Mls Name: Great North MLS
Mls ID: #4022383