W9483 Peterson DrIron 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 W9483 Peterson Dr, Iron Mountain, MI, 49801 earns from $1,380/mo rent with a $4,772/mo payment. Total monthly income totals $1,380/mo. ROI tracks 1.17% on current figures, and rental yield reads 1.7% at a $975,000 purchase. Equity gained on principal adds $6,292/yr, and 5% annual appreciation supports $269,375 over five years. Five-year ROI reaches 2.86% and total cumulative return in cash sums $9,171. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,380/mo property income instead of your personal income.
Single Family
Built in 2009
60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BETSY SAWICKY • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50171834
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.