1621 Loebrich DrGladwinMI48624
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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
Investment property for sale in Gladwin at 1621 Loebrich Dr, Gladwin, MI, 48624 listed at $219,000 pairs $2,203/mo rent with a $1,072/mo payment to leave $759/mo cash flow. Total monthly income runs $2,203/mo, and annual cash flow reaches $9,104/yr on $72,599 cash to close. Return on cash invested measures 32.45% in year one, and rental yield registers 12.07% at a $219,000 basis. Equity gained on principal adds $1,413/yr, and annual property appreciation at 5% supports $60,506 by year five. Five-year ROI tracks 170.64% and total cumulative return in cash totals $123,885. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,203/mo property income relative to a $1,072/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
0.42 Acres lot
$N/A/sqft
No 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: Michael F Smothers • Century 21 Metro Brokers-Davison
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240031144
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-15 14:07:55 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702