7605 Balsam Rd NWBemidjiMN56601
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 7605 Balsam Rd NW, Bemidji, MN, 56601 in Bemidji: $1,802/mo in rent, $522/mo net, 10.59% gross yield, all on a $204,200 acquisition. The 1.96 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $56,417 in value, and $1,881/yr in principal paydown steadily builds equity. Projected total cumulative return: $111,070.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.0% |
| Monthly Cash Flow | $522 | $350 |
City averages based on Bemidji market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,802 |
| Total Monthly Debt Service | $1,199 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1950
3.92 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
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
Apartment
Built in 1950
3.92 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices