436 Forbes Rd #3920Iron RiverMI49935
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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 River at 436 Forbes Rd #3920, Iron River, MI, 49935 generates $918/mo in rent and, after a $587/mo payment, leaves $127/mo in cash flow. Total monthly income is $918/mo, and annual cash flow is $1,526/yr on $39,747 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 9.19% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 124.05% and total cumulative return in cash sums $49,308. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $918/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
5 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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Listed by: STEPHEN REMONDINI • STEPHENS REAL ESTATE
Mls Name: GNMLS
Mls ID: #213513