212 W Brown StIron MountainMI49801
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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 Iron Mountain at 212 W Brown St, Iron Mountain, MI, 49801 with 5% annual appreciation on a $155,000 basis while $1,558/mo rent supports operations. Total monthly income totals $1,558/mo and a $759/mo payment preserves $536/mo for cash returns. Annual cash flow comes to $6,426/yr on $51,383 deployed, and return on cash invested reaches 32.42% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,824 alongside rental yield of 12.06%. Five-year ROI measures 170.49% and total cumulative return in cash totals $87,604.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,558/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49801, Iron Mountain, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,881 (100%) |
| Owner Occupied HU | 4,061 (69.1%) |
| Renter Occupied HU | 1,147 (19.5%) |
| Vacant Housing Units | 673 (11.4%) |
| Median Home Value | $178,357 |
| Average Home Value | $215,842 |
Housing Distribution
Address Breakdown
Residential
5,352
Single Family
5,196
Multi-Family
156
Businesses
755
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Listed by: CONNIE SUTTON • TRI COUNTY REALTY UP-IM
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50142265
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.