1208 Lake Shore DrGladstoneMI49837
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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 Gladstone at 1208 Lake Shore Dr, Gladstone, MI, 49837 priced at $127,000 converts $1,224/mo rent into $386/mo cash flow after a $622/mo obligation. Total monthly income equals $1,224/mo, and annual cash flow totals $4,633/yr on $42,101 invested. Return on cash invested prints 30.91% in year one, and rental yield reads 11.57% against a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation compiles into $35,088 by year five. Five-year ROI reaches 162.52% and total cumulative return in cash sums $68,421. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,224/mo property income covering a $622/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49837, Gladstone, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,822 (100%) |
| Owner Occupied HU | 3,706 (76.9%) |
| Renter Occupied HU | 639 (13.3%) |
| Vacant Housing Units | 477 ( 9.9%) |
| Median Home Value | $169,411 |
| Average Home Value | $194,656 |
Housing Distribution
Address Breakdown
Residential
4,576
Single Family
4,414
Multi-Family
162
Businesses
267
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