3130 Sumac Rd 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 3130 Sumac Rd NE, Bemidji, MN, 56601 generates $2,684/mo in rent, after a $2,153/mo payment. Total monthly income is $2,684/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 7.32% on a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 100.16% and total cumulative return in cash sums $146,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,684/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
13.49 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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Listed by: Team Cermak Real Estate Group • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6695225
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