175 Silver StIshpemingMI49849
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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 Ishpeming at 175 Silver St, Ishpeming, MI, 49849 priced at $255,900 pairs $1,781/mo rent with $93/mo cash flow after a $1,253/mo payment. Total monthly income equals $1,781/mo, and annual cash flow comes to $1,116/yr on $84,831 invested. Return on cash invested is 21.22% in year one, and rental yield stands at 8.35% on a $255,900 basis. Equity gained on principal adds $1,651/yr, and 5% annual appreciation accumulates to $70,700 by year five. Five-year ROI measures 110.42% and total cumulative return in cash reaches $93,674. For financing, Ziffy Mortgage’s DSCR program evaluates $1,781/mo property income against a $1,253/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
10,018 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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