153 Camp Lake RdIron 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
Rental property for sale in Iron River at 153 Camp Lake Rd, Iron River, MI, 49935 offers $1,326/mo rent that, after a $1,148/mo payment. Total monthly income is $1,326/mo. Return on cash invested measures 16.5% in year one, and rental yield stands at 6.79% at a $234,500 entry. Equity gained on principal adds $1,513/yr while 5% annual appreciation compounds into $64,788 by year five. Five-year ROI records 85.14% and total cumulative return in cash reaches $66,184. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,326/mo property income versus a $1,148/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.42 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: JORDYN LEONARDUZZI • RE/MAX NORTH COUNTRY
Mls Name: Upper Peninsula AOR
Mls ID: #50191060