700 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 700 N 22nd St, Bismarck, ND, 58501 offers a 5.27% rental yield on a $249,900 purchase with $1,097/mo rent. 53% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 68.59% and total cumulative return in cash at $56,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,097/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1959
7,405 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: RYAN D HOERNER • BIANCO REALTY, INC.
Mls Name: Great North MLS
Mls ID: #4018925
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.