E1466 & E1472 Lake RdIronwoodMI49938
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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
Total monthly income runs $780/mo, and a $1,615/mo payment. Purchase price stands at $329,900, and rental yield measures 2.84% with $780/mo rent. Return on cash invested shows 4.59% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 21.28% and total cumulative return in cash records $23,271. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $780/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1934
2.32 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
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Listed by: NANCY ZAK • ZAK'S REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50184980
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