220 S Lilac StIshpemingMI49849
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Nearby investment properties with comparable prices
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 220 S Lilac St, Ishpeming, MI, 49849 at $264,000 posts ROI 25.41% with $401/mo cash flow from $2,142/mo rent. Total monthly income equals $2,142/mo, and annual cash flow records $4,814/yr on $87,516 to close. Return on cash invested measures 25.41% and rental yield reads 9.74% at the current $264,000. Equity gained on principal adds $1,704/yr, and 5% annual appreciation supports $72,938 by year five. Five-year ROI prints 132.92% and total cumulative return in cash totals $116,329.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,142/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
9,147 sqft 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: KRISTINE GOUPILLE • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50176787
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.