601 Cemetery 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
Rental property for sale in Gladwin at 601 Cemetery St, Gladwin, MI, 48624 priced at $279,900 pairs $2,242/mo rent with $396/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,242/mo, and annual cash flow comes to $4,754/yr on $92,787 invested. Return on cash invested is 25.03% in year one, and rental yield stands at 9.61% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 130.89% and total cumulative return in cash reaches $121,453. For financing, Ziffy Mortgage’s DSCR program evaluates $2,242/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
1.34 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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Listed by: RYAN ROPP • SUGAR SPRINGS REAL ESTATE
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168727
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