85 2nd StLauriumMI49913
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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
Rental property for sale in Laurium at 85 2nd St, Laurium, MI, 49913 offers $1,329/mo rent that, after a $820/mo payment, leaves $224/mo cash flow. Total monthly income is $1,329/mo, and annual cash flow is $2,691/yr on $55,526 cash. Return on cash invested measures 24.76% in year one, and rental yield stands at 9.52% at a $167,500 entry. Equity gained on principal adds $1,081/yr while 5% annual appreciation compounds into $46,277 by year five. Five-year ROI records 129.44% and total cumulative return in cash reaches $71,872. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,329/mo property income versus a $820/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49913, Calumet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,066 (100%) |
| Owner Occupied HU | 2,453 (60.3%) |
| Renter Occupied HU | 653 (16.1%) |
| Vacant Housing Units | 960 (23.6%) |
| Median Home Value | $99,115 |
| Average Home Value | $140,171 |
Housing Distribution
Address Breakdown
Residential
3,482
Single Family
3,288
Multi-Family
194
Businesses
319
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