65485 Millicent Point DrIron 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 65485 Millicent Point Dr, Iron River, WI, 54847 earns $213/mo cash flow from $2,696/mo rent with a $1,811/mo payment. Total monthly income totals $2,696/mo, and annual cash flow totals $2,554/yr on $122,655 capital. ROI tracks 21.99% on current figures, and rental yield reads 8.74% at a $370,000 purchase. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 over five years. Five-year ROI reaches 114.69% and total cumulative return in cash sums $140,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,696/mo property income instead of your personal income.
Single Family
Built in 1970
8,276 sqft 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: Melissa Brown • Realty III
Mls Name: Lake Superior Area Realtors
Mls ID: #6119478