E4908 E Margaret StIronwoodMI49938
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 E4908 E Margaret St, Ironwood, MI, 49938 earns from $780/mo rent with a $1,909/mo payment. Total monthly income totals $780/mo. ROI tracks 3.28% on current figures, and rental yield reads 2.4% at a $390,000 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 14.17% and total cumulative return in cash sums $18,320. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $780/mo property income instead of your personal income.
Single Family
Built in 1965
2.20 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
Listed by: TIM RILEY • SHOREWEST - MANITOWISH WATERS
Mls Name: GNMLS
Mls Provider:
Mls ID: #209528
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.