26305 County Road 581 RdIshpemingMI49849
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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 Ishpeming at 26305 County Road 581 Rd, Ishpeming, MI, 49849 uses $49,554 cash to close to unlock $2,566/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $732/mo payment keeps the spread at $214/mo. Purchase price stands at $149,485, and rental yield measures 9.63% with $1,200/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $41,300 over five years. Five-year ROI reaches 131.13% and total cumulative return in cash records $64,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $732/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
3.92 Acres 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: ADAM KARKI • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50174628
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.