701 E Wachter AveBismarckND58504
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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
Rental property for sale in Bismarck at 701 E Wachter Ave, Bismarck, ND, 58504 generates $1,955/mo in rent, after a $1,738/mo payment. Total monthly income is $1,955/mo. Return on cash invested sits at 17.81% in year one, and rental yield is 6.61% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 91.43% and total cumulative return in cash sums $107,592. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,955/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
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: LORI BECKER • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4020505