121 N 5th AveIron 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 121 N 5th Ave, Iron River, MI, 49935 earns from $1,020/mo rent with a $2,100/mo payment. Total monthly income totals $1,020/mo. ROI tracks 4.64% on current figures, and rental yield reads 2.85% at a $429,000 purchase. Equity gained on principal adds $2,768/yr, and 5% annual appreciation supports $118,525 over five years. Five-year ROI reaches 21.51% and total cumulative return in cash sums $30,589. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,020/mo property income instead of your personal income.
Single Family
Built in 1910
0.74 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: STEPHEN REMONDINI • STEPHENS REAL ESTATE-IRON RIVER
Mls Name: Upper Peninsula AOR
Mls ID: #50186448