1724 E Pratt Lake RdGladwinMI48624
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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
Total monthly income runs $1,644/mo, and a $1,664/mo payment. Purchase price stands at $339,900, and rental yield measures 5.8% with $1,644/mo rent. Return on cash invested shows 13.54% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 69.28% and total cumulative return in cash records $78,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,644/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1995
7.50 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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