400 N River StGladwinMI48624
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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
Rental property for sale in Gladwin at 400 N River St, Gladwin, MI, 48624 priced at $114,900 pairs $899/mo rent with $142/mo cash flow after a $562/mo payment. Total monthly income equals $899/mo, and annual cash flow comes to $1,700/yr on $38,089 invested. Return on cash invested is 24.37% in year one, and rental yield stands at 9.39% on a $114,900 basis. Equity gained on principal adds $741/yr, and 5% annual appreciation accumulates to $31,745 by year five. Five-year ROI measures 127.35% and total cumulative return in cash reaches $48,506. For financing, Ziffy Mortgage’s DSCR program evaluates $899/mo property income against a $562/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,712 sqft 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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