62405 Delta Lake RdIron RiverWI54847
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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 Iron River at 62405 Delta Lake Rd, Iron River, WI, 54847 offers a 5.22% rental yield on a $565,000 purchase with $2,456/mo rent. 44% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 58.08% and total cumulative return in cash at $107,967. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,456/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
3.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54847, Iron River, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,156 (100%) |
| Owner Occupied HU | 1,022 (47.4%) |
| Renter Occupied HU | 201 ( 9.3%) |
| Vacant Housing Units | 933 (43.3%) |
| Median Home Value | $294,976 |
| Average Home Value | $360,707 |
Housing Distribution
Address Breakdown
Residential
1,067
Single Family
1,019
Multi-Family
48
Businesses
91
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Listed by: Jay Emmert • Coldwell Banker Realty - Ashland
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120165
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 21:37:22 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#939)