1595 Andover WayGladwinMI48624
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 1595 Andover Way, Gladwin, MI, 48624 priced at $162,000 converts $1,963/mo rent into $851/mo cash flow after a $793/mo obligation. Total monthly income equals $1,963/mo, and annual cash flow totals $10,215/yr on $53,703 invested. Return on cash invested prints 38.93% in year one, and rental yield reads 14.54% against a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation compiles into $44,758 by year five. Five-year ROI reaches 205.81% and total cumulative return in cash sums $110,525. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,963/mo property income covering a $793/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.38 Acres lot
$N/A/sqft
$520 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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Nearby investment properties with comparable prices
Listed by: Jamie Schmidt • REMAX Town & Country
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50147278
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