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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
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$949,900
44 bds20 ba22912sqft
655 E Ayer StIronwoodMI49938
0.99%
Gross Yield
-1%
ROI
$780/m
Est. Rent
$0
Total Investment
$0
Down Payment
$0
Closing Costs
For Sale
Listed for sale 1 day ago
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NMLS #2625701
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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
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Investment Highlights
Investment property for sale in Ironwood at 655 E Ayer St, Ironwood, MI, 49938 offers a 0.99% rental yield on a $949,900 purchase with $780/mo rent. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,440 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $780/mo property income against a $4,649/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1989
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49938, Ironwood, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 2,693 (59.4%) |
| Renter Occupied HU | 793 (17.5%) |
| Vacant Housing Units | 1,046 (23.1%) |
| Median Home Value | $104,877 |
| Average Home Value | $147,174 |
Housing Distribution
Address Breakdown
Residential
3,613
Single Family
3,320
Multi-Family
293
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved