N3878 Turners Grade RdIron MountainMI49801
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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
Rental property for sale in Iron Mountain at N3878 Turners Grade Rd, Iron Mountain, MI, 49801 generates $4,589/mo in rent and, after a $3,230/mo payment, leaves $237/mo in cash flow. Total monthly income is $4,589/mo, and annual cash flow is $2,844/yr on $217,140 invested. Return on cash invested sits at 21.37% in year one, and rental yield is 8.34% on a $660,000 entry. Equity gained on principal adds $4,259/yr, while 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 111.17% and total cumulative return in cash sums $241,401. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,589/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
2.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49801, Iron Mountain, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,881 (100%) |
| Owner Occupied HU | 4,061 (69.1%) |
| Renter Occupied HU | 1,147 (19.5%) |
| Vacant Housing Units | 673 (11.4%) |
| Median Home Value | $178,357 |
| Average Home Value | $215,842 |
Housing Distribution
Address Breakdown
Residential
5,352
Single Family
5,196
Multi-Family
156
Businesses
755
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Listed by: RYAN GORDON • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50188217