816 W Adams StIron 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
Rental property for sale in Iron River at 816 W Adams St, Iron River, MI, 49935 offers $1,031/mo rent that, after a $661/mo payment, leaves $141/mo cash flow. Total monthly income is $1,031/mo, and annual cash flow is $1,686/yr on $44,753 cash. Return on cash invested measures 23.68% in year one, and rental yield stands at 9.16% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 123.61% and total cumulative return in cash reaches $55,321. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,031/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
5,227 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: ZACHARY GOODMAN • KELLER WILLIAMS CLASSIC REALTY NW
Mls Name: Upper Peninsula AOR
Mls ID: #50193197