621 W C StIron MountainMI49801
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Iron Mountain at 621 W C St, Iron Mountain, MI, 49801 at $172,900 posts ROI 24.18% with $204/mo cash flow from $1,344/mo rent. Total monthly income equals $1,344/mo, and annual cash flow records $2,449/yr on $57,316 to close. Return on cash invested measures 24.18% and rental yield reads 9.33% at the current $172,900. Equity gained on principal adds $1,116/yr, and 5% annual appreciation supports $47,769 by year five. Five-year ROI prints 126.36% and total cumulative return in cash totals $72,428.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,344/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49801, Iron Mountain, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,881 (100%) |
| Owner Occupied HU | 4,061 (69.1%) |
| Renter Occupied HU | 1,147 (19.5%) |
| Vacant Housing Units | 673 (11.4%) |
| Median Home Value | $178,357 |
| Average Home Value | $215,842 |
Housing Distribution
Address Breakdown
Residential
5,352
Single Family
5,196
Multi-Family
156
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KIMBERLY WEBB • LEEDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50192127