2093 W Division StIron 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
Rental property for sale in Iron River at 2093 W Division St, Iron River, MI, 49935 priced at $639,900 converts $6,100/mo rent into $1,880/mo cash flow after a $3,132/mo obligation. Total monthly income equals $6,100/mo, and annual cash flow totals $22,562/yr on $210,527 invested. Return on cash invested prints 30.78% in year one, and rental yield reads 11.44% against a $639,900 entry. Equity gained on principal adds $4,129/yr, while 5% annual appreciation compiles into $176,793 by year five. Five-year ROI reaches 161.63% and total cumulative return in cash sums $340,283. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,100/mo property income covering a $3,132/mo payment, not borrower’s personal income.
Single Family
Built in 2005
38 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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No similar rental properties found nearby.
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Listed by: NICOLE HEBERT • KELLER WILLIAMS GREEN BAY AND UPPER PENINSULA
Mls Name: GNMLS
Mls Provider:
Mls ID: #207443
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.