5372 W 10 1/2 Mile RdIronsMI49644
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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 Irons at 5372 W 10 1/2 Mile Rd, Irons, MI, 49644 uses $99,119 cash to close to unlock $22,196/yr annual cash flow and $1,850/mo monthly cash flow. Total monthly income runs $3,821/mo, and a $1,463/mo payment keeps the spread at $1,850/mo. Purchase price stands at $299,000, and rental yield measures 15.34% with $3,821/mo rent. Return on cash invested shows 42.3% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 223.46% and total cumulative return in cash records $221,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,821/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1920
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49644, Irons, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 890 (29.4%) |
| Renter Occupied HU | 78 ( 2.6%) |
| Vacant Housing Units | 2,059 (68.0%) |
| Median Home Value | $185,507 |
| Average Home Value | $223,949 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,182
Multi-Family
0
Businesses
49
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