10349 N Irons RdIronsMI49644
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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
Rental property for sale in Irons at 10349 N Irons Rd, Irons, MI, 49644 generates $868/mo in rent and, after a $538/mo payment, leaves $143/mo in cash flow. Total monthly income is $868/mo, and annual cash flow is $1,718/yr on $36,432 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 9.48% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 128.77% and total cumulative return in cash sums $46,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $868/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49644, Irons, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 890 (29.4%) |
| Renter Occupied HU | 78 ( 2.6%) |
| Vacant Housing Units | 2,059 (68.0%) |
| Median Home Value | $185,507 |
| Average Home Value | $223,949 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,182
Multi-Family
0
Businesses
49
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