5420 E NorthIronwoodMI49938
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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 5420 E North, Ironwood, MI, 49938 priced at $649,900 converts $4,915/mo rent into $629/mo cash flow after a $3,181/mo obligation. Total monthly income equals $4,915/mo, and annual cash flow totals $7,550/yr on $213,817 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 9.08% against a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,555 by year five. Five-year ROI reaches 123.1% and total cumulative return in cash sums $263,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,915/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1993
39.50 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: DEAN LANTTA • NORTHERN TRAILS REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50144957
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