1608 E Gamble RdRudyardMI49780
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 Rudyard at 1608 E Gamble Rd, Rudyard, MI, 49780 priced at $195,000 converts $1,207/mo rent into after a $954/mo obligation. Total monthly income equals $1,207/mo. Return on cash invested prints 18.45% in year one, and rental yield reads 7.43% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 95.58% and total cumulative return in cash sums $61,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,207/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1997
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49780, Rudyard, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,003 (100%) |
| Owner Occupied HU | 673 (67.1%) |
| Renter Occupied HU | 78 ( 7.8%) |
| Vacant Housing Units | 252 (25.1%) |
| Median Home Value | $158,379 |
| Average Home Value | $183,678 |
Housing Distribution
Address Breakdown
Residential
622
Single Family
622
Multi-Family
0
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Shepard • Mackinac Properties, Inc
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832589
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than Zillow, Inc are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc All rights reserved. WWLX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-15 08:13:50 PST