706 Duncan AveIshpemingMI49849
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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 Ishpeming at 706 Duncan Ave, Ishpeming, MI, 49849 at $219,900 posts ROI 20.98% with $65/mo cash flow from $1,515/mo rent. Total monthly income equals $1,515/mo, and annual cash flow records $782/yr on $72,897 to close. Return on cash invested measures 20.98% and rental yield reads 8.27% at the current $219,900. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 by year five. Five-year ROI prints 109.18% and total cumulative return in cash totals $79,588.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,515/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49849, Ishpeming, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 4,105 (68.9%) |
| Renter Occupied HU | 1,012 (17.0%) |
| Vacant Housing Units | 845 (14.2%) |
| Median Home Value | $194,073 |
| Average Home Value | $267,105 |
Housing Distribution
Address Breakdown
Residential
5,231
Single Family
4,802
Multi-Family
429
Businesses
318
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