240 E Ash StIronwoodMI49938
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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 Ironwood at 240 E Ash St, Ironwood, MI, 49938 uses $53,869 cash to close to unlock $13,761/yr annual cash flow and $1,147/mo monthly cash flow. Total monthly income runs $2,218/mo, and a $795/mo payment keeps the spread at $1,147/mo. Purchase price stands at $162,500, and rental yield measures 16.38% with $2,218/mo rent. Return on cash invested shows 45.45% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 240.37% and total cumulative return in cash records $129,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,218/mo property income covering a $795/mo payment rather than investor’s personal income.
Single Family
Built in 1918
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49938, Ironwood, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 2,693 (59.4%) |
| Renter Occupied HU | 793 (17.5%) |
| Vacant Housing Units | 1,046 (23.1%) |
| Median Home Value | $104,877 |
| Average Home Value | $147,174 |
Housing Distribution
Address Breakdown
Residential
3,613
Single Family
3,320
Multi-Family
293
Businesses
345
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Listed by: TAMMY KAURANEN • FIRST WEBER - BESSEMER
Mls Name: GNMLS
Mls Provider:
Mls ID: #208956
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.