65015 McCarry 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 65015 McCarry Lake Rd, Iron River, WI, 54847 offers a 7.54% rental yield on a $299,000 purchase with $1,878/mo rent. 36% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 95.21% and total cumulative return in cash at $94,366. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,878/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.71 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: Mike Sauvola • Coldwell Banker Realty - Iron River
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6114230
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.