1725 Glendora LnIshpemingMI49849
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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 Ishpeming at 1725 Glendora Ln, Ishpeming, MI, 49849 uses $67,958 cash to close to unlock $7,470/yr annual cash flow and $623/mo monthly cash flow. Total monthly income runs $1,974/mo, and a $1,003/mo payment keeps the spread at $623/mo. Purchase price stands at $205,000, and rental yield measures 11.56% with $1,974/mo rent. Return on cash invested shows 30.9% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 162.36% and total cumulative return in cash records $110,334. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,974/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1973
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49849, Ishpeming, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 4,105 (68.9%) |
| Renter Occupied HU | 1,012 (17.0%) |
| Vacant Housing Units | 845 (14.2%) |
| Median Home Value | $194,073 |
| Average Home Value | $267,105 |
Housing Distribution
Address Breakdown
Residential
5,231
Single Family
4,802
Multi-Family
429
Businesses
318
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