609 Pershing Ave SEBemidjiMN56601
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 609 Pershing Ave SE, Bemidji, MN, 56601 uses $50,653 cash to close to unlock $5,769/yr annual cash flow and $481/mo monthly cash flow. Total monthly income runs $1,435/mo, and a $748/mo payment keeps the spread at $481/mo. Purchase price stands at $152,800, and rental yield measures 11.27% with $1,435/mo rent. Return on cash invested shows 31.3% in year one, and 5% annual appreciation builds toward $42,216 over five years. Five-year ROI reaches 164% and total cumulative return in cash records $83,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $748/mo payment rather than investor’s personal income.
Single Family
Built in 1970
6,969 sqft 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: Todd Geiger • Grimes Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6597071
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