1689 346th StBellinghamMN56212
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1689 346th St, Bellingham, MN, 56212 in Bellingham. Priced at $279,000, it generates $2,435/mo in gross rent and $693/mo in net monthly cash flow, a 10.47% yield that comfortably supports the 1.84 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,311. Five-year appreciation: $77,083. Equity from principal paydown: $2,339/yr. Total projected cumulative return: $145,196.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 7.0% |
| Monthly Cash Flow | $693 | $200 |
City averages based on Bellingham market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,435 |
| Total Monthly Debt Service | $1,699 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
12.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56212, Bellingham, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 254 (100%) |
| Owner Occupied HU | 180 (70.9%) |
| Renter Occupied HU | 21 ( 8.3%) |
| Vacant Housing Units | 53 (20.9%) |
| Median Home Value | $137,500 |
| Average Home Value | $258,319 |
Housing Distribution
Address Breakdown
Residential
147
Single Family
147
Multi-Family
0
Businesses
14
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Northeast South Dakota BOR
Mls ID: #35-702
