203 Birch 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 203 Birch St, Ishpeming, MI, 49849 priced at $179,000 converts $1,334/mo rent into $154/mo cash flow after a $876/mo obligation. Total monthly income equals $1,334/mo, and annual cash flow totals $1,844/yr on $59,339 invested. Return on cash invested prints 23.02% in year one, and rental yield reads 8.94% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 120.07% and total cumulative return in cash sums $71,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,334/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.28 Acres 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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Listed by: DYLAN WILLEY • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50169413
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