817 River AveIron MountainMI49801
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 Mountain at 817 River Ave, Iron Mountain, MI, 49801 at $149,500 posts ROI 36.56% with $688/mo cash flow from $1,674/mo rent. Total monthly income equals $1,674/mo, and annual cash flow records $8,254/yr on $49,559 to close. Return on cash invested measures 36.56% and rental yield reads 13.44% at the current $149,500. Equity gained on principal adds $965/yr, and 5% annual appreciation supports $41,304 by year five. Five-year ROI prints 192.7% and total cumulative return in cash totals $95,501.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,674/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1891
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49801, Iron Mountain, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,881 (100%) |
| Owner Occupied HU | 4,061 (69.1%) |
| Renter Occupied HU | 1,147 (19.5%) |
| Vacant Housing Units | 673 (11.4%) |
| Median Home Value | $178,357 |
| Average Home Value | $215,842 |
Housing Distribution
Address Breakdown
Residential
5,352
Single Family
5,196
Multi-Family
156
Businesses
755
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Listed by: JAY HUNTER • NORTHERN HERITAGE
Mls Name: Upper Peninsula AOR
Mls ID: #50195603