55876 Red Jacket 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
Investment property for sale in Laurium at 55876 Red Jacket St, Laurium, MI, 49913 earns $125/mo cash flow from $1,839/mo rent with a $1,272/mo payment. Total monthly income totals $1,839/mo, and annual cash flow totals $1,502/yr on $86,157 capital. ROI tracks 21.65% on current figures, and rental yield reads 8.49% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 112.76% and total cumulative return in cash sums $97,150. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,839/mo property income instead of your personal income.
Single Family
Built in 1967
0.34 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: CRAIG HEINONEN • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50165435
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