Unclaimed Property
16243 Big Turtle Dr NE
Bemidji, MN 56601
Location
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HUD FMR FY2026 ⓘA typical 2 bedroom rental in ZIP 56601 rents for about $1,150/month (HUD Small Area Fair Market Rent, FY2026).
- Estimated rent
- $1,150/mo
- Annual rent
- $13,800
- 1% rule price
- ≤ $115,000
- Cap rate at 1% price ($115,000)
- 6.0%
No asking price
Data sources & assumptions
- Rent: HUD Small Area Fair Market Rent (SAFMR) FY2026, matched by 5-digit ZIP. Source: huduser.gov.
- 1% rule: monthly rent ≥ 1% of purchase price — a common landlord screening filter for cash-flowing rentals.
- 0.5% rule: monthly rent ≥ 0.5% of purchase price — a softer screen used in higher-appreciation markets.
- Cap rate: assumes a 50% expense ratio (taxes, insurance, vacancy, maintenance, mgmt). Standard rule-of-thumb, not a proforma.
- This is a ZIP-level estimate for Bemidji, MN 56601 — not an appraisal or a specific-unit rental comp.
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