756 Florence StIronwoodMI49938
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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 Ironwood at 756 Florence St, Ironwood, MI, 49938 listed at $104,900 pairs $800/mo rent with a $513/mo payment to leave $109/mo cash flow. Total monthly income runs $800/mo, and annual cash flow reaches $1,304/yr on $34,774 cash to close. Return on cash invested measures 23.66% in year one, and rental yield registers 9.15% at a $104,900 basis. Equity gained on principal adds $677/yr, and annual property appreciation at 5% supports $28,982 by year five. Five-year ROI tracks 123.52% and total cumulative return in cash totals $42,954. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $800/mo property income relative to a $513/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
5,227 sqft 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
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Listed by: NANCY ZAK • ZAK'S REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50160928
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.