410 S 2nd StIshpemingMI49849
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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 Ishpeming at 410 S 2nd St, Ishpeming, MI, 49849 at $109,900 posts ROI 88.52% with $2,083/mo cash flow from $2,808/mo rent. Total monthly income equals $2,808/mo, and annual cash flow records $24,998/yr on $36,432 to close. Return on cash invested measures 88.52% and rental yield reads 30.66% at the current $109,900. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 by year five. Five-year ROI prints 471.42% and total cumulative return in cash totals $171,748.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,808/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1880
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49849, Ishpeming, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 4,105 (68.9%) |
| Renter Occupied HU | 1,012 (17.0%) |
| Vacant Housing Units | 845 (14.2%) |
| Median Home Value | $194,073 |
| Average Home Value | $267,105 |
Housing Distribution
Address Breakdown
Residential
5,231
Single Family
4,802
Multi-Family
429
Businesses
318
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Listed by: TRAVIS RYAN • FRESHDOOR REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50151926
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.