540 Isle Royale 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 540 Isle Royale St, Laurium, MI, 49913 offers $1,133/mo rent that, after a $734/mo payment, leaves $144/mo cash flow. Total monthly income is $1,133/mo, and annual cash flow is $1,730/yr on $49,692 cash. Return on cash invested measures 23.39% in year one, and rental yield stands at 9.07% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 122.14% and total cumulative return in cash reaches $60,695. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,133/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
0.29 Acres 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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Listed by: THOMAS TIKKANEN • SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50170035
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