813 Stambaugh AveIron RiverMI49935
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
Investment property for sale in Iron River at 813 Stambaugh Ave, Iron River, MI, 49935 offers a 9.15% rental yield on a $109,000 purchase with $831/mo rent. Total monthly income registers $831/mo, and a $534/mo payment leaves $112/mo available for distribution. Annual cash flow reaches $1,340/yr on $36,134 to close, and return on cash invested stands at 23.62% in year one. Equity gained on principal adds $703/yr while 5% annual appreciation supports $30,115 over five years. Portfolio math shows five-year ROI at 123.3% and total cumulative return in cash at $44,554. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $831/mo property income against a $534/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
9,583 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: CARRIE TORETTA-PARTELLO • COLDWELL BANKER REAL ESTATE GROUP
Mls Name: Upper Peninsula AOR
Mls ID: #50184587