144 Stanley Lake 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 144 Stanley Lake Dr, Iron River, MI, 49935 uses $89,472 cash to close to unlock $7,274/yr annual cash flow and $606/mo monthly cash flow. Total monthly income runs $2,386/mo, and a $1,321/mo payment keeps the spread at $606/mo. Purchase price stands at $269,900, and rental yield measures 10.61% with $2,386/mo rent. Return on cash invested shows 28.04% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 147.02% and total cumulative return in cash records $131,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,386/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1991
1.11 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 Provider:
Mls ID: #50153636
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.