330 W Larch 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 330 W Larch St, Ironwood, MI, 49938 priced at $114,000 pairs $2,401/mo rent with $1,649/mo cash flow after a $558/mo payment. Total monthly income equals $2,401/mo, and annual cash flow comes to $19,790/yr on $37,791 invested. Return on cash invested is 72.28% in year one, and rental yield stands at 25.27% on a $114,000 basis. Equity gained on principal adds $736/yr, and 5% annual appreciation accumulates to $31,496 by year five. Five-year ROI measures 384.3% and total cumulative return in cash reaches $145,231. For financing, Ziffy Mortgage’s DSCR program evaluates $2,401/mo property income against a $558/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.28 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: DANIELLE VIRSHEK • SILVER PROPERTIES-EXP REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50148172
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