409 Elm StGladstoneMI49837
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowA DSCR of 1.95 makes 409 Elm St, Gladstone, MI, 49837 in Gladstone one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 10.53%. The 10.53% yield, 5% annual appreciation ($104,987 over five years), and $3,500/yr in principal reduction project a total cumulative return of $136,962.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.2% |
| Monthly Cash Flow | $(190) | $300 |
City averages based on Gladstone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,335 |
| Total Monthly Debt Service | $3,374 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1991
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49837, Gladstone, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,822 (100%) |
| Owner Occupied HU | 3,706 (76.9%) |
| Renter Occupied HU | 639 (13.3%) |
| Vacant Housing Units | 477 ( 9.9%) |
| Median Home Value | $169,411 |
| Average Home Value | $194,656 |
Housing Distribution
Address Breakdown
Residential
4,576
Single Family
4,414
Multi-Family
162
Businesses
267
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
Single Family
Built in 1991
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49837, Gladstone, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,822 (100%) |
| Owner Occupied HU | 3,706 (76.9%) |
| Renter Occupied HU | 639 (13.3%) |
| Vacant Housing Units | 477 ( 9.9%) |
| Median Home Value | $169,411 |
| Average Home Value | $194,656 |
Housing Distribution
Address Breakdown
Residential
4,576
Single Family
4,414
Multi-Family
162
Businesses
267
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: FRIDA WAARA • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50169511
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.