3893 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 3893 S Gladwin Rd, Prudenville, MI, 48651 uses $56,322 cash to close to unlock $4,202/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $1,471/mo, and a $832/mo payment keeps the spread at $350/mo. Purchase price stands at $169,900, and rental yield measures 10.39% with $1,471/mo rent. Return on cash invested shows 27.37% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 143.46% and total cumulative return in cash records $80,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,471/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.35 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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Listed by: Brian Lackey • Midge & Co-Luxury Lakefront Homes
Mls Name: WWMLS
Mls ID: #201835649