Lake Shore Dr NE #112BemidjiMN56601
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
Rental property for sale in Bemidji at Lake Shore Dr NE #112, Bemidji, MN, 56601 priced at $350,400 converts $1,477/mo rent into after a $1,715/mo obligation. Total monthly income equals $1,477/mo. Return on cash invested prints 8.95% in year one, and rental yield reads 5.06% against a $350,400 entry. Equity gained on principal adds $2,261/yr, while 5% annual appreciation compiles into $96,809 by year five. Five-year ROI reaches 45.44% and total cumulative return in cash sums $52,783. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,477/mo property income covering a $1,715/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
$350 monthly 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
Listed by: Chad Prestegard • Lake-N-Woods Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6577148
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-15 00:46:30 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)