802 S 16th StBismarckND58504
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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 802 S 16th St, Bismarck, ND, 58504 uses $58,013 cash to close to unlock $3,882/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $1,389/mo, and a $857/mo payment keeps the spread at $323/mo. Purchase price stands at $175,000, and rental yield measures 9.52% with $1,389/mo rent. Return on cash invested shows 26.6% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 138.64% and total cumulative return in cash records $80,431. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,389/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,405 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: Rachel Berger • Realty One Group - Encore
Mls Name: Great North MLS
Mls ID: #4019628
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.