E5091 Sunset RdIronwoodMI49938
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 E5091 Sunset Rd, Ironwood, MI, 49938 listed at $107,000 pairs $780/mo rent with a $524/mo payment to leave $74/mo cash flow. Total monthly income runs $780/mo, and annual cash flow reaches $889/yr on $35,471 cash to close. Return on cash invested measures 22.42% in year one, and rental yield registers 8.75% at a $107,000 basis. Equity gained on principal adds $690/yr, and annual property appreciation at 5% supports $29,562 by year five. Five-year ROI tracks 116.97% and total cumulative return in cash totals $41,490. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $780/mo property income relative to a $524/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1937
0.54 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: ELLEN WYSSLING • THE REAL ESTATE STORE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50177310
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.