909 Sutherland AveIronwoodMI49938
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 Ironwood at 909 Sutherland Ave, Ironwood, MI, 49938 uses $51,383 cash to close to unlock $1,722/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $1,166/mo, and a $759/mo payment keeps the spread at $144/mo. Purchase price stands at $155,000, and rental yield measures 9.03% with $1,166/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 121.4% and total cumulative return in cash records $62,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,166/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49938, Ironwood, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 2,693 (59.4%) |
| Renter Occupied HU | 793 (17.5%) |
| Vacant Housing Units | 1,046 (23.1%) |
| Median Home Value | $104,877 |
| Average Home Value | $147,174 |
Housing Distribution
Address Breakdown
Residential
3,613
Single Family
3,320
Multi-Family
293
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices