2072 Ff Hwy #16Iron 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
Total monthly income runs $1,020/mo, and a $1,463/mo payment. Purchase price stands at $299,000, and rental yield measures 4.09% with $1,020/mo rent. Return on cash invested shows 8.39% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 41.62% and total cumulative return in cash records $41,254. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1980
36.19 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: DALE G GORDON • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls ID: #50186572