120 Woodland AveLauriumMI49913
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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 Laurium at 120 Woodland Ave, Laurium, MI, 49913 at $144,000 posts ROI 46.69% with $1,065/mo cash flow from $2,015/mo rent. Total monthly income equals $2,015/mo, and annual cash flow records $12,782/yr on $47,736 to close. Return on cash invested measures 46.69% and rental yield reads 16.79% at the current $144,000. Equity gained on principal adds $929/yr, and 5% annual appreciation supports $39,785 by year five. Five-year ROI prints 247.07% and total cumulative return in cash totals $117,942.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,015/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49913, Calumet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,066 (100%) |
| Owner Occupied HU | 2,453 (60.3%) |
| Renter Occupied HU | 653 (16.1%) |
| Vacant Housing Units | 960 (23.6%) |
| Median Home Value | $99,115 |
| Average Home Value | $140,171 |
Housing Distribution
Address Breakdown
Residential
3,482
Single Family
3,288
Multi-Family
194
Businesses
319
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