1320 Whiting Rd UNIT 93BemidjiMN56601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1320 Whiting Rd UNIT 93, Bemidji, MN, 56601 generates $2,765/mo in rent, after a $2,203/mo payment. Total monthly income is $2,765/mo. Return on cash invested sits at 19.43% in year one, and rental yield is 7.37% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 100.4% and total cumulative return in cash sums $149,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,765/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
0.43 Acres lot
$N/A/sqft
$168 annually 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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Listed by: Mark Dickinson • Century 21 Dickinson
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6694634
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