117 S Trybom DrIron RiverMI49935
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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 River at 117 S Trybom Dr, Iron River, MI, 49935 at $331,000 posts ROI 17.64% with from $1,975/mo rent. Total monthly income equals $1,975/mo. Return on cash invested measures 17.64% and rental yield reads 7.16% at the current $331,000. Equity gained on principal adds $2,136/yr, and 5% annual appreciation supports $91,449 by year five. Five-year ROI prints 91.22% and total cumulative return in cash totals $100,093. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,975/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49935, Iron River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,606 (100%) |
| Owner Occupied HU | 2,440 (53.0%) |
| Renter Occupied HU | 498 (10.8%) |
| Vacant Housing Units | 1,668 (36.2%) |
| Median Home Value | $117,798 |
| Average Home Value | $189,792 |
Housing Distribution
Address Breakdown
Residential
3,153
Single Family
2,969
Multi-Family
184
Businesses
277
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Listed by: JEFF DOHL • RE/MAX NORTH COUNTRY-IR
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50145109
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.