500 N Westwood DrIshpemingMI49849
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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 Ishpeming at 500 N Westwood Dr, Ishpeming, MI, 49849 priced at $422,775 pairs $2,386/mo rent with after a $2,069/mo payment. Total monthly income equals $2,386/mo. Return on cash invested is 16.47% in year one, and rental yield stands at 6.77% on a $422,775 basis. Equity gained on principal adds $2,728/yr, and 5% annual appreciation accumulates to $116,805 by year five. Five-year ROI measures 84.95% and total cumulative return in cash reaches $119,054. For financing, Ziffy Mortgage’s DSCR program evaluates $2,386/mo property income against a $2,069/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
3.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49849, Ishpeming, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 4,105 (68.9%) |
| Renter Occupied HU | 1,012 (17.0%) |
| Vacant Housing Units | 845 (14.2%) |
| Median Home Value | $194,073 |
| Average Home Value | $267,105 |
Housing Distribution
Address Breakdown
Residential
5,231
Single Family
4,802
Multi-Family
429
Businesses
318
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Listed by: DYLAN WILLEY • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50174464
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