Lake Shore Dr NE #105BemidjiMN56601
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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 Lake Shore Dr NE #105, Bemidji, MN, 56601 at $300,700 posts ROI 22.51% with $216/mo cash flow from $2,094/mo rent. Total monthly income equals $2,094/mo, and annual cash flow records $2,593/yr on $99,682 to close. Return on cash invested measures 22.51% and rental yield reads 8.36% at the current $300,700. Equity gained on principal adds $1,940/yr, and 5% annual appreciation supports $83,078 by year five. Five-year ROI prints 116.91% and total cumulative return in cash totals $116,536.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,094/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Home Type Unknown
Built in N/A
N/A 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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