4240 Irvine Ave NW UNIT 35BemidjiMN56601
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
Investment property for sale in Bemidji at 4240 Irvine Ave NW UNIT 35, Bemidji, MN, 56601 earns $302/mo cash flow from $2,422/mo rent with a $1,544/mo payment. Total monthly income totals $2,422/mo, and annual cash flow totals $3,625/yr on $104,588 capital. ROI tracks 23.37% on current figures, and rental yield reads 9.21% at a $315,500 purchase. Equity gained on principal adds $2,036/yr, and 5% annual appreciation supports $87,167 over five years. Five-year ROI reaches 122.16% and total cumulative return in cash sums $127,770. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,422/mo property income instead of your personal income.
Single Family
Built in 2012
0.26 Acres lot
$N/A/sqft
$150 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices