508 N Silverleaf StGladwinMI48624
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
Investment Highlights
Rental property for sale in Gladwin at 508 N Silverleaf St, Gladwin, MI, 48624 offers $955/mo rent that, after a $588/mo payment, leaves $163/mo cash flow. Total monthly income is $955/mo, and annual cash flow is $1,954/yr on $39,817 cash. Return on cash invested measures 24.82% in year one, and rental yield stands at 9.54% at a $120,111 entry. Equity gained on principal adds $775/yr while 5% annual appreciation compounds into $33,184 by year five. Five-year ROI records 129.7% and total cumulative return in cash reaches $51,642. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $955/mo property income versus a $588/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,534 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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