237 Kearsarge StLauriumMI49913
Nearby investment properties with comparable rents
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 Laurium at 237 Kearsarge St, Laurium, MI, 49913 uses $71,273 cash to close to unlock $2,334/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $1,612/mo, and a $1,052/mo payment keeps the spread at $195/mo. Purchase price stands at $215,000, and rental yield measures 9% with $1,612/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 120.96% and total cumulative return in cash records $86,209. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,612/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices