739 N 6th AveIron RiverMI49935
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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
Rental property for sale in Iron River at 739 N 6th Ave, Iron River, MI, 49935 priced at $109,900 pairs $848/mo rent with $123/mo cash flow after a $538/mo payment. Total monthly income equals $848/mo, and annual cash flow comes to $1,478/yr on $36,432 invested. Return on cash invested is 23.97% in year one, and rental yield stands at 9.26% on a $109,900 basis. Equity gained on principal adds $709/yr, and 5% annual appreciation accumulates to $30,363 by year five. Five-year ROI measures 125.24% and total cumulative return in cash reaches $45,628. For financing, Ziffy Mortgage’s DSCR program evaluates $848/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49935, Iron River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,606 (100%) |
| Owner Occupied HU | 2,440 (53.0%) |
| Renter Occupied HU | 498 (10.8%) |
| Vacant Housing Units | 1,668 (36.2%) |
| Median Home Value | $117,798 |
| Average Home Value | $189,792 |
Housing Distribution
Address Breakdown
Residential
3,153
Single Family
2,969
Multi-Family
184
Businesses
277
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Listed by: JEFF DOHL • RE/MAX NORTH COUNTRY-IR
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50179961
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