6971 Oman Rd NEBemidjiMN56601
Nearby investment properties with comparable rents
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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
Investment property for sale in Bemidji at 6971 Oman Rd NE, Bemidji, MN, 56601 listed at $218,900 pairs $1,674/mo rent with a $1,071/mo payment to leave $307/mo cash flow. Total monthly income runs $1,674/mo, and annual cash flow reaches $3,690/yr on $72,565 cash to close. Return on cash invested measures 24.99% in year one, and rental yield registers 9.18% at a $218,900 basis. Equity gained on principal adds $1,413/yr, and annual property appreciation at 5% supports $60,478 by year five. Five-year ROI tracks 130.21% and total cumulative return in cash totals $94,490. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,674/mo property income relative to a $1,071/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
40 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: Corey Stittsworth • Grimes Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6505981
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