3985 Us Highway 2Iron 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
Rental property for sale in Iron River at 3985 Us Highway 2, Iron River, MI, 49935 generates $1,137/mo in rent and, after a $734/mo payment, leaves $148/mo in cash flow. Total monthly income is $1,137/mo, and annual cash flow is $1,778/yr on $49,692 invested. Return on cash invested sits at 23.49% in year one, and rental yield is 9.1% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 122.67% and total cumulative return in cash sums $60,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,137/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
1.15 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: GARY WATTERS • STEPHENS REAL ESTATE-IRON RIVER
Mls Name: Upper Peninsula AOR
Mls ID: #50188731