617 N 22nd StBismarckND58501
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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 617 N 22nd St, Bismarck, ND, 58501 offers a 8.72% rental yield on a $227,000 purchase with $1,650/mo rent. Total monthly income registers $1,650/mo, and a $1,111/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,222/yr on $75,251 to close, and return on cash invested stands at 24.19% in year one. Equity gained on principal adds $1,465/yr while 5% annual appreciation supports $62,716 over five years. Portfolio math shows five-year ROI at 125.69% and total cumulative return in cash at $94,585. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,650/mo property income against a $1,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58501, Bismarck, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,106 (100%) |
| Owner Occupied HU | 7,376 (52.3%) |
| Renter Occupied HU | 5,445 (38.6%) |
| Vacant Housing Units | 1,285 ( 9.1%) |
| Median Home Value | $307,027 |
| Average Home Value | $339,224 |
Housing Distribution
Address Breakdown
Residential
13,152
Single Family
9,577
Multi-Family
3,575
Businesses
1,174
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Listed by: JASON SCHMIDT • Oaktree Realtors
Mls Name: Great North MLS
Mls ID: #4021049