100 W Francis StIronwoodMI49938
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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 Ironwood at 100 W Francis St, Ironwood, MI, 49938 with 5% annual appreciation on a $149,000 basis while $1,156/mo rent supports operations. Total monthly income totals $1,156/mo and a $729/mo payment preserves $174/mo for cash returns. Annual cash flow comes to $2,084/yr on $49,394 deployed, and return on cash invested reaches 24.13% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 9.31%. Five-year ROI measures 126.02% and total cumulative return in cash totals $62,248.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,156/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49938, Ironwood, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 2,693 (59.4%) |
| Renter Occupied HU | 793 (17.5%) |
| Vacant Housing Units | 1,046 (23.1%) |
| Median Home Value | $104,877 |
| Average Home Value | $147,174 |
Housing Distribution
Address Breakdown
Residential
3,613
Single Family
3,320
Multi-Family
293
Businesses
345
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