26277 Wolverine StLauriumMI49913
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 26277 Wolverine St, Laurium, MI, 49913 in Laurium hard to pass up. The 19.21% gross yield on a $169,000 purchase results in $2,705/mo in rent and $1,590/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.56). Annual cash flow of $19,084, five-year appreciation of $46,692, and $1,557/yr in equity build-up combine for a projected total cumulative return of $166,747.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.2% | 6.0% |
| Monthly Cash Flow | $1,590 | $450 |
City averages based on Laurium market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,705 |
| Total Monthly Debt Service | $1,047 |
| DSCR Ratio | 2.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
4,791 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
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
Single Family
Built in 1930
4,791 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