100 W Lincoln StIron MountainMI49801
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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 Iron Mountain at 100 W Lincoln St, Iron Mountain, MI, 49801 at $115,000 posts ROI 23.8% with $124/mo cash flow from $882/mo rent. Total monthly income equals $882/mo, and annual cash flow records $1,482/yr on $38,123 to close. Return on cash invested measures 23.8% and rental yield reads 9.2% at the current $115,000. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 by year five. Five-year ROI prints 124.3% and total cumulative return in cash totals $47,385.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $882/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49801, Iron Mountain, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,881 (100%) |
| Owner Occupied HU | 4,061 (69.1%) |
| Renter Occupied HU | 1,147 (19.5%) |
| Vacant Housing Units | 673 (11.4%) |
| Median Home Value | $178,357 |
| Average Home Value | $215,842 |
Housing Distribution
Address Breakdown
Residential
5,352
Single Family
5,196
Multi-Family
156
Businesses
755
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Listed by: JAY HUNTER • NORTHERN HERITAGE
Mls Name: Upper Peninsula AOR
Mls ID: #50191753