424 6th 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
Investment property for sale in Iron Mountain at 424 6th St, Iron Mountain, MI, 49801 earns $224/mo cash flow from $1,100/mo rent with a $650/mo payment. Total monthly income totals $1,100/mo, and annual cash flow totals $2,689/yr on $44,056 capital. ROI tracks 26.01% on current figures, and rental yield reads 9.93% at a $132,900 purchase. Equity gained on principal adds $858/yr, and 5% annual appreciation supports $36,718 over five years. Five-year ROI reaches 136.22% and total cumulative return in cash sums $60,013. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,100/mo property income instead of your personal income.
Multi Family
Built in 1900
5,227 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: BETSY SAWICKY • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50197377