413 W D StIron MountainMI49801
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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 Mountain at 413 W D St, Iron Mountain, MI, 49801 priced at $197,500 converts $1,570/mo rent into $267/mo cash flow after a $967/mo obligation. Total monthly income equals $1,570/mo, and annual cash flow totals $3,207/yr on $65,471 invested. Return on cash invested prints 24.81% in year one, and rental yield reads 9.54% against a $197,500 entry. Equity gained on principal adds $1,274/yr, while 5% annual appreciation compiles into $54,566 by year five. Five-year ROI reaches 129.72% and total cumulative return in cash sums $84,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,570/mo property income covering a $967/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49801, Iron Mountain, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,881 (100%) |
| Owner Occupied HU | 4,061 (69.1%) |
| Renter Occupied HU | 1,147 (19.5%) |
| Vacant Housing Units | 673 (11.4%) |
| Median Home Value | $178,357 |
| Average Home Value | $215,842 |
Housing Distribution
Address Breakdown
Residential
5,352
Single Family
5,196
Multi-Family
156
Businesses
755
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Listed by: KIMBERLY WEBB • LEEDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50196152