1064 Highland DrIshpemingMI49849
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ishpeming at 1064 Highland Dr, Ishpeming, MI, 49849 listed at $579,000 pairs $3,384/mo rent with a $2,834/mo payment. Total monthly income runs $3,384/mo. Return on cash invested measures 17.32% in year one, and rental yield registers 7.01% at a $579,000 basis. Equity gained on principal adds $3,736/yr, and annual property appreciation at 5% supports $159,967 by year five. Five-year ROI tracks 89.48% and total cumulative return in cash totals $170,455. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,384/mo property income relative to a $2,834/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49849, Ishpeming, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 4,105 (68.9%) |
| Renter Occupied HU | 1,012 (17.0%) |
| Vacant Housing Units | 845 (14.2%) |
| Median Home Value | $194,073 |
| Average Home Value | $267,105 |
Housing Distribution
Address Breakdown
Residential
5,231
Single Family
4,802
Multi-Family
429
Businesses
318
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Listed by: SCOTT SYRJALA • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50184152
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