159 E Park 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 159 E Park Dr, Iron River, MI, 49935 at $140,250 posts ROI 23.15% with $125/mo cash flow from $1,217/mo rent. Total monthly income equals $1,217/mo, and annual cash flow records $1,505/yr on $46,493 to close. Return on cash invested measures 23.15% and rental yield reads 10.41% at the current $140,250. Equity gained on principal adds $905/yr, and 5% annual appreciation supports $38,748 by year five. Five-year ROI prints 122.38% and total cumulative return in cash totals $56,897.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,217/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1955
900 sqft lot
$N/A/sqft
$83 monthly 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: SHAWN MURPHY • FERNDALE REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50174692
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.