433 Pewabic StLauriumMI49913
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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 Laurium at 433 Pewabic St, Laurium, MI, 49913 priced at $175,200 converts $1,498/mo rent into $342/mo cash flow after a $858/mo obligation. Total monthly income equals $1,498/mo, and annual cash flow totals $4,106/yr on $58,079 invested. Return on cash invested prints 26.98% in year one, and rental yield reads 10.26% against a $175,200 entry. Equity gained on principal adds $1,131/yr, while 5% annual appreciation compiles into $48,405 by year five. Five-year ROI reaches 141.36% and total cumulative return in cash sums $82,102. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,498/mo property income covering a $858/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49913, Calumet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,066 (100%) |
| Owner Occupied HU | 2,453 (60.3%) |
| Renter Occupied HU | 653 (16.1%) |
| Vacant Housing Units | 960 (23.6%) |
| Median Home Value | $99,115 |
| Average Home Value | $140,171 |
Housing Distribution
Address Breakdown
Residential
3,482
Single Family
3,288
Multi-Family
194
Businesses
319
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