3622 S Gladwin RdPrudenvilleMI48651
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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 Prudenville at 3622 S Gladwin Rd, Prudenville, MI, 48651 offers a 14.33% rental yield on a $191,900 purchase with $2,291/mo rent. Total monthly income registers $2,291/mo, and a $939/mo payment leaves $1,026/mo available for distribution. Annual cash flow reaches $12,309/yr on $63,615 to close, and return on cash invested stands at 39.26% in year one. Equity gained on principal adds $1,238/yr while 5% annual appreciation supports $53,018 over five years. Portfolio math shows five-year ROI at 207.14% and total cumulative return in cash at $131,769. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,291/mo property income against a $939/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48651, Prudenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,094 (100%) |
| Owner Occupied HU | 1,832 (44.7%) |
| Renter Occupied HU | 480 (11.7%) |
| Vacant Housing Units | 1,782 (43.5%) |
| Median Home Value | $208,261 |
| Average Home Value | $247,688 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,621
Multi-Family
72
Businesses
165
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Nearby investment properties with comparable prices
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