557 N 15th StGladstoneMI49837
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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 Gladstone at 557 N 15th St, Gladstone, MI, 49837 listed at $119,000 pairs $1,850/mo rent with a $582/mo payment to leave $1,066/mo cash flow. Total monthly income runs $1,850/mo, and annual cash flow reaches $12,788/yr on $39,449 cash to close. Return on cash invested measures 52.33% in year one, and rental yield registers 18.66% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 277.26% and total cumulative return in cash totals $109,373. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,850/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
6,534 sqft 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
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Listed by: LUCAS GESTWICKI • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50193226
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.