141 Pewabic StLauriumMI49913
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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 Laurium at 141 Pewabic St, Laurium, MI, 49913 offers $847/mo rent that, after a $538/mo payment, leaves $122/mo cash flow. Total monthly income is $847/mo, and annual cash flow is $1,464/yr on $36,465 cash. Return on cash invested measures 23.92% in year one, and rental yield stands at 9.24% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 124.89% and total cumulative return in cash reaches $45,540. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $847/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
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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