455 E Oak StIronwoodMI49938
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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 Ironwood at 455 E Oak St, Ironwood, MI, 49938 priced at $129,900 converts $1,187/mo rent into $330/mo cash flow after a $636/mo obligation. Total monthly income equals $1,187/mo, and annual cash flow totals $3,962/yr on $43,062 invested. Return on cash invested prints 29.11% in year one, and rental yield reads 10.97% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 152.84% and total cumulative return in cash sums $65,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,187/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49938, Ironwood, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 2,693 (59.4%) |
| Renter Occupied HU | 793 (17.5%) |
| Vacant Housing Units | 1,046 (23.1%) |
| Median Home Value | $104,877 |
| Average Home Value | $147,174 |
Housing Distribution
Address Breakdown
Residential
3,613
Single Family
3,320
Multi-Family
293
Businesses
345
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Listed by: ELLEN WYSSLING • THE REAL ESTATE STORE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50179163
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