1215 Dakota AveGladstoneMI49837
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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 1215 Dakota Ave, Gladstone, MI, 49837 priced at $214,900 converts $2,476/mo rent into $713/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,476/mo, and annual cash flow totals $8,559/yr on $71,239 invested. Return on cash invested prints 31.92% in year one, and rental yield reads 13.83% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 169.95% and total cumulative return in cash sums $121,074. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,476/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Multi Family
Built in 1897
0.27 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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Listed by: DAVID HANSON • PREMIER REAL ESTATE, INC.
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50171118
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.