820 Mississippi 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 820 Mississippi Ave NW, Bemidji, MN, 56601 with 5% annual appreciation on a $199,800 basis while $1,691/mo rent supports operations. Total monthly income totals $1,691/mo and a $978/mo payment preserves $443/mo for cash returns. Annual cash flow comes to $5,319/yr on $66,234 deployed, and return on cash invested reaches 27.94% in year one. Equity gained on principal adds $1,289/yr, and five-year appreciation sums $55,201 alongside rental yield of 10.16%. Five-year ROI measures 146.02% and total cumulative return in cash totals $96,713.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,691/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
0.32 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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