302 Barry RdIron RiverMI49935
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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 Iron River at 302 Barry Rd, Iron River, MI, 49935 with 5% annual appreciation on a $342,500 basis while $1,801/mo rent supports operations. 08% in year one. Equity gained on principal adds $2,210/yr, and five-year appreciation sums $94,626 alongside rental yield of 6.31%. Five-year ROI measures 77.46% and total cumulative return in cash totals $87,947. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,801/mo property income versus a $1,676/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49935, Iron River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,606 (100%) |
| Owner Occupied HU | 2,440 (53.0%) |
| Renter Occupied HU | 498 (10.8%) |
| Vacant Housing Units | 1,668 (36.2%) |
| Median Home Value | $117,798 |
| Average Home Value | $189,792 |
Housing Distribution
Address Breakdown
Residential
3,153
Single Family
2,969
Multi-Family
184
Businesses
277
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Listed by: JILL ALBANYS • U.P. RIVERLAND REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50153635
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