1416 N 2nd AveIron RiverMI49935
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 Iron River at 1416 N 2nd Ave, Iron River, MI, 49935 uses $49,692 cash to close to unlock $2,498/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,197/mo, and a $734/mo payment keeps the spread at $208/mo. Purchase price stands at $149,900, and rental yield measures 9.58% with $1,197/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 130.42% and total cumulative return in cash records $64,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,197/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1952
8,712 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KELLY WATERS • U.P. RIVERLAND REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50180003
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.