1141 Ranger DrGladwinMI48624
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
Rental property for sale in Gladwin at 1141 Ranger Dr, Gladwin, MI, 48624 priced at $219,900 converts $1,698/mo rent into $242/mo cash flow after a $1,076/mo obligation. Total monthly income equals $1,698/mo, and annual cash flow totals $2,903/yr on $72,897 invested. Return on cash invested prints 23.89% in year one, and rental yield reads 9.27% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 124.75% and total cumulative return in cash sums $90,940. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,698/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Manufactured
Built in 2004
10,018 sqft lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48624, Gladwin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,057 (100%) |
| Owner Occupied HU | 5,951 (53.8%) |
| Renter Occupied HU | 1,003 ( 9.1%) |
| Vacant Housing Units | 4,103 (37.1%) |
| Median Home Value | $189,218 |
| Average Home Value | $229,918 |
Housing Distribution
Address Breakdown
Residential
8,459
Single Family
8,196
Multi-Family
263
Businesses
518
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Listed by: IVIE BAKER • Baker-Kehoe Realty LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50173460
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