314 E Pine 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
Rental property for sale in Ironwood at 314 E Pine St, Ironwood, MI, 49938 generates $2,894/mo in rent and, after a $611/mo payment, leaves $2,071/mo in cash flow. Total monthly income is $2,894/mo, and annual cash flow is $24,848/yr on $41,404 invested. Return on cash invested sits at 79.92% in year one, and rental yield is 27.8% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 425.22% and total cumulative return in cash sums $176,062. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,894/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
0.35 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: HELENA LONGHINI • FIRST WEBER, INC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50149868
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.