640 W Turnpike AveBismarckND58501
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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 640 W Turnpike Ave, Bismarck, ND, 58501 earns $249/mo cash flow from $2,531/mo rent with a $1,835/mo payment. Total monthly income totals $2,531/mo, and annual cash flow totals $2,989/yr on $124,313 capital. ROI tracks 22.31% on current figures, and rental yield reads 8.1% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 115.63% and total cumulative return in cash sums $143,739. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,531/mo property income instead of your personal income.
Single Family
Built in 1992
0.27 Acres 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: #4021266