223 Tamarack StLauriumMI49913
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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 Laurium at 223 Tamarack St, Laurium, MI, 49913 earns $119/mo cash flow from $861/mo rent with a $551/mo payment. Total monthly income totals $861/mo, and annual cash flow totals $1,425/yr on $37,294 capital. ROI tracks 23.73% on current figures, and rental yield reads 9.18% at a $112,500 purchase. Equity gained on principal adds $726/yr, and 5% annual appreciation supports $31,082 over five years. Five-year ROI reaches 123.89% and total cumulative return in cash sums $46,204. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $861/mo property income instead of your personal income.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49913, Calumet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,066 (100%) |
| Owner Occupied HU | 2,453 (60.3%) |
| Renter Occupied HU | 653 (16.1%) |
| Vacant Housing Units | 960 (23.6%) |
| Median Home Value | $99,115 |
| Average Home Value | $140,171 |
Housing Distribution
Address Breakdown
Residential
3,482
Single Family
3,288
Multi-Family
194
Businesses
319
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Listed by: KAREN LAHTI • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50180402
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.