21330 Long LnIshpemingMI49849
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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 Ishpeming at 21330 Long Ln, Ishpeming, MI, 49849 listed at $328,000 pairs $2,197/mo rent with a $1,605/mo payment to leave $34/mo cash flow. Total monthly income runs $2,197/mo, and annual cash flow reaches $413/yr on $108,732 cash to close. Return on cash invested measures 20.29% in year one, and rental yield registers 8.04% at a $328,000 basis. Equity gained on principal adds $2,117/yr, and annual property appreciation at 5% supports $90,620 by year five. Five-year ROI tracks 105.43% and total cumulative return in cash totals $114,631. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,197/mo property income relative to a $1,605/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
2.03 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: RUBE ASGAARD • GREAT LAKES & LAND OF MARQUETTE, INC.
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50088597
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.