8964 W Elbow DrIronsMI49644
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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 Irons at 8964 W Elbow Dr, Irons, MI, 49644 earns from $2,011/mo rent with a $1,879/mo payment. Total monthly income totals $2,011/mo. ROI tracks 15% on current figures, and rental yield reads 6.28% at a $384,000 purchase. Equity gained on principal adds $2,478/yr, and 5% annual appreciation supports $106,092 over five years. Five-year ROI reaches 77.07% and total cumulative return in cash sums $98,108. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,011/mo property income instead of your personal income.
Single Family
Built in 2003
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49644, Irons, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,027 (100%) |
| Owner Occupied HU | 890 (29.4%) |
| Renter Occupied HU | 78 ( 2.6%) |
| Vacant Housing Units | 2,059 (68.0%) |
| Median Home Value | $185,507 |
| Average Home Value | $223,949 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,182
Multi-Family
0
Businesses
49
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