915 Wells St, Iron Mountain, MI 49801

1 bd · 1 ba · 644 sqft · built 1924 · Iron Mountain · SINGLE_FAMILY·source listing ↗

$69,900

rent, three ways

OnePercent model (vv1)$1,171/mo

p10–p90 confidence band

HUD Fair Market Rent · 49801 · 1BR$840/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Dickinson

Flood risk indexRelatively High FEMA NRI

Median household income$67,337

Median area rent$747/mo

Median home value$168,700

the verdict

1.68%vs 1.0% target

wide confidence band

financing: 20% down · — (FRED, live) · 30yr

$69,900

1.68% · rent $1,171

Intrinsic value · income approach

$108,325

35% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.