1676 Springwood AveGaylordMI49735
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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 Gaylord at 1676 Springwood Ave, Gaylord, MI, 49735 with 5% annual appreciation on a $145,000 basis while $1,149/mo rent supports operations. Total monthly income totals $1,149/mo and a $710/mo payment preserves $193/mo for cash returns. Annual cash flow comes to $2,310/yr on $48,068 deployed, and return on cash invested reaches 24.71% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 9.51%. Five-year ROI measures 129.21% and total cumulative return in cash totals $62,108.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,149/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49735, Gaylord, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,592 (100%) |
| Owner Occupied HU | 6,690 (57.7%) |
| Renter Occupied HU | 2,091 (18.0%) |
| Vacant Housing Units | 2,811 (24.2%) |
| Median Home Value | $227,968 |
| Average Home Value | $262,810 |
Housing Distribution
Address Breakdown
Residential
9,514
Single Family
8,967
Multi-Family
547
Businesses
768
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