338 E Main StGaylordMI49735
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 Gaylord at 338 E Main St, Gaylord, MI, 49735 priced at $224,999 pairs $1,581/mo rent with $98/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,581/mo, and annual cash flow comes to $1,170/yr on $74,587 invested. Return on cash invested is 21.48% in year one, and rental yield stands at 8.43% on a $224,999 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 111.81% and total cumulative return in cash reaches $83,397. For financing, Ziffy Mortgage’s DSCR program evaluates $1,581/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
7,260 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices