7670 Spider Lake RdIron RiverWI54847
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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
Total monthly income runs $2,206/mo, and a $2,202/mo payment. Purchase price stands at $449,900, and rental yield measures 5.88% with $2,206/mo rent. Return on cash invested shows 13.36% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 68.43% and total cumulative return in cash records $102,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,206/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54847, Iron River, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,156 (100%) |
| Owner Occupied HU | 1,022 (47.4%) |
| Renter Occupied HU | 201 ( 9.3%) |
| Vacant Housing Units | 933 (43.3%) |
| Median Home Value | $294,976 |
| Average Home Value | $360,707 |
Housing Distribution
Address Breakdown
Residential
1,067
Single Family
1,019
Multi-Family
48
Businesses
91
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Listed by: Shauna Leonard • CENTURY 21 Atwood
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118318
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.