For saleSingle family

$89,900

404 Wilson Ave SE

Bemidji MN 56601

1 bed, 1 bath, 500 sqft

404 Wilson Ave SE is a 1 bed, 1 bath, 500 sqft single family home for sale at $89,900 in Bemidji MN 56601. See the full deal score, rent estimate, cash flow, cap rate, and max offer below.

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Strong fitSingle family53d on market

$89,900

404 Wilson Ave SE

Bemidji MN 56601

1 bed1 bath500 sqft
99
Deal score
Est. rent
$1,650/mo
Cash flow
$1,096/mo
Cap rate
20.4%
Cash-on-cash
58.5%
Max offer
$89,900
Rental verdict

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

Pro forma

Cash flow
$1,096/mo
Cap rate
20.4%
Cash-on-cash
58.5%
DSCR
3.52
Down payment25.0% · $22,475
Interest rate6.69%
Monthly rent$1,650/mo
Adjust assumptions

Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (23% of rent, about $379/mo for management, vacancy, maintenance and CapEx) would put cash flow at $716/mo. Set your own below.

Property management0% of rent · $0/mo
Vacancy (empty between tenants)0% of rent · $0/mo
Maintenance (small repairs)0% of rent · $0/mo
CapEx (saving for big repairs)0% of rent · $0/mo

Monthly payment (PITI)

  • Principal & interest$435
  • Property tax$90
  • Insurance$30
  • Total payment$554/mo

Cash-flow math charges taxes, insurance, HOA and PMI in full and holds nothing back from rent, the same basis your board ranks on. Management, vacancy, maintenance and CapEx are yours to set above.

Cash you'd need to close (est.)

  • Down payment (25.0%)$22,475
  • Closing costs (~3%: title, lender, prepaid escrow)$2,697
  • Reserves (2 months of payments)$1,109
  • Total cash to close$26,281

An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.

Where it sits

404 Wilson Ave SE in context — the streets, water and amenities around it.

Street View ↗

Property details

404 Wilson Ave SE · Bemidji MN 56601

Beds
1
Baths
1
Square feet
500
Price / sqft
$180
Home type
Single family
Days on market
53 days
HOA
None
Status
For Sale

Status per the source feed — contingent/pending changes can lag the MLS by up to ~12 hours.