723 Irvine Ave NWBemidjiMN56601
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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 723 Irvine Ave NW, Bemidji, MN, 56601 uses $42,764 cash to close to unlock $2,758/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,035/mo, and a $631/mo payment keeps the spread at $230/mo. Purchase price stands at $129,000, and rental yield measures 9.63% with $1,035/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 137.53% and total cumulative return in cash records $58,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,035/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1910
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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