119 Tyler Ave NEBemidjiMN56601
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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 Bemidji at 119 Tyler Ave NE, Bemidji, MN, 56601 priced at $369,900 converts $2,790/mo rent into $481/mo cash flow after a $1,810/mo obligation. Total monthly income equals $2,790/mo, and annual cash flow totals $5,768/yr on $122,622 invested. Return on cash invested prints 24.61% in year one, and rental yield reads 9.05% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 128.15% and total cumulative return in cash sums $157,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,790/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in 1979
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56601, Bemidji, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,409 (100%) |
| Owner Occupied HU | 9,352 (57.0%) |
| Renter Occupied HU | 4,857 (29.6%) |
| Vacant Housing Units | 2,200 (13.4%) |
| Median Home Value | $296,990 |
| Average Home Value | $338,688 |
Housing Distribution
Address Breakdown
Residential
14,717
Single Family
13,253
Multi-Family
1,464
Businesses
1,090
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