922 E Owens 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
Rental property for sale in Bismarck at 922 E Owens Ave, Bismarck, ND, 58501 priced at $199,900 pairs $1,850/mo rent with $427/mo cash flow after a $978/mo payment. Total monthly income equals $1,850/mo, and annual cash flow comes to $5,127/yr on $66,267 invested. Return on cash invested is 27.65% in year one, and rental yield stands at 11.11% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 145.61% and total cumulative return in cash reaches $96,493. For financing, Ziffy Mortgage’s DSCR program evaluates $1,850/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1979
0.33 Acres lot
$N/A/sqft
$200 monthly 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 WOLF • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4018525
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.