601 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 601 Mehrer Dr, Bismarck, ND, 58504 offers $2,779/mo rent that, after a $2,378/mo payment. Total monthly income is $2,779/mo. Return on cash invested measures 18.58% in year one, and rental yield stands at 6.86% at a $485,900 entry. Equity gained on principal adds $3,135/yr while 5% annual appreciation compounds into $134,245 by year five. Five-year ROI records 95.58% and total cumulative return in cash reaches $153,957. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,779/mo property income versus a $2,378/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
9,583 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
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Listed by: AMY WASHKOVICK • Capital Real Estate Partners
Mls Name: Great North MLS
Mls ID: #4021818