W8386 State Highway M69Iron MountainMI49801
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 Iron Mountain at W8386 State Highway M69, Iron Mountain, MI, 49801 earns $1,157/mo cash flow from $3,498/mo rent with a $1,738/mo payment. Total monthly income totals $3,498/mo, and annual cash flow totals $13,878/yr on $117,683 capital. ROI tracks 31.7% on current figures, and rental yield reads 11.82% at a $355,000 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 166.62% and total cumulative return in cash sums $196,080. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,498/mo property income instead of your personal income.
Single Family
Built in 1977
15.81 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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Nearby investment properties with comparable prices
Listed by: Carole Waitrovich • Place Perfect Realty
Mls Name: RANW
Mls ID: #50314202
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 03:02:21 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#256)