410 Ruby StIron RiverMI49935
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Nearby investment properties with comparable prices
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 410 Ruby St, Iron River, MI, 49935 at $179,000 posts ROI 28.34% with $417/mo cash flow from $1,597/mo rent. Total monthly income equals $1,597/mo, and annual cash flow records $5,000/yr on $59,339 to close. Return on cash invested measures 28.34% and rental yield reads 10.71% at the current $179,000. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 by year five. Five-year ROI prints 148.6% and total cumulative return in cash totals $88,179.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,597/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
0.38 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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Nearby investment properties with comparable prices
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