706 N 3rd StIshpemingMI49849
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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 Ishpeming at 706 N 3rd St, Ishpeming, MI, 49849 earns $505/mo cash flow from $1,806/mo rent with a $966/mo payment. Total monthly income totals $1,806/mo, and annual cash flow totals $6,055/yr on $65,405 capital. ROI tracks 29.17% on current figures, and rental yield reads 10.98% at a $197,300 purchase. Equity gained on principal adds $1,273/yr, and 5% annual appreciation supports $54,510 over five years. Five-year ROI reaches 153.03% and total cumulative return in cash sums $100,092. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,806/mo property income instead of your personal income.
Single Family
Built in 1900
N/A 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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