7673 W Five Mile RdIronsMI49644
Nearby investment properties with comparable rents
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
Rental property for sale in Irons at 7673 W Five Mile Rd, Irons, MI, 49644 priced at $139,900 pairs $1,920/mo rent with $997/mo cash flow after a $685/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $11,966/yr on $46,377 invested. Return on cash invested is 45.71% in year one, and rental yield stands at 16.47% on a $139,900 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,652 by year five. Five-year ROI measures 241.83% and total cumulative return in cash reaches $112,155. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49644, Irons, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 890 (29.4%) |
| Renter Occupied HU | 78 ( 2.6%) |
| Vacant Housing Units | 2,059 (68.0%) |
| Median Home Value | $185,507 |
| Average Home Value | $223,949 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,182
Multi-Family
0
Businesses
49
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