845 N Pine StIshpemingMI49849
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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
Investment property for sale in Ishpeming at 845 N Pine St, Ishpeming, MI, 49849 at $100,000 posts ROI 24.18% with $118/mo cash flow from $777/mo rent. Total monthly income equals $777/mo, and annual cash flow records $1,416/yr on $33,150 to close. Return on cash invested measures 24.18% and rental yield reads 9.32% at the current $100,000. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 by year five. Five-year ROI prints 126.24% and total cumulative return in cash totals $41,848.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $777/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1885
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49849, Ishpeming, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 4,105 (68.9%) |
| Renter Occupied HU | 1,012 (17.0%) |
| Vacant Housing Units | 845 (14.2%) |
| Median Home Value | $194,073 |
| Average Home Value | $267,105 |
Housing Distribution
Address Breakdown
Residential
5,231
Single Family
4,802
Multi-Family
429
Businesses
318
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