477 Vernon StGladwinMI48624
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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
Investment property for sale in Gladwin at 477 Vernon St, Gladwin, MI, 48624 at $112,000 posts ROI 25.1% with $161/mo cash flow from $899/mo rent. Total monthly income equals $899/mo, and annual cash flow records $1,927/yr on $37,128 to close. Return on cash invested measures 25.1% and rental yield reads 9.63% at the current $112,000. Equity gained on principal adds $723/yr, and 5% annual appreciation supports $30,944 by year five. Five-year ROI prints 131.26% and total cumulative return in cash totals $48,735.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $899/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1987
0.33 Acres 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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