1741 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
Investment property for sale in Gladwin at 1741 E Pratt Lake Rd, Gladwin, MI, 48624 offers a 6.6% rental yield on a $199,900 purchase with $1,099/mo rent. 92% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 81.98% and total cumulative return in cash at $54,325. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,099/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
10,454 sqft lot
$N/A/sqft
$20 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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Listed by: BARBARA ARVOY • COLDWELL BANKER KIGAR
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50185456
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