715 Lake Shore Dr NE #204BemidjiMN56601
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 715 Lake Shore Dr NE #204, Bemidji, MN, 56601 listed at $269,215 pairs $1,571/mo rent with a $1,318/mo payment. Total monthly income runs $1,571/mo. Return on cash invested measures 18.42% in year one, and rental yield registers 7% at a $269,215 basis. Equity gained on principal adds $1,737/yr, and annual property appreciation at 5% supports $74,379 by year five. Five-year ROI tracks 94.98% and total cumulative return in cash totals $84,763. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,571/mo property income relative to a $1,318/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2022
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices