6068 23rd LnGladstoneMI49837
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 Gladstone at 6068 23rd Ln, Gladstone, MI, 49837 generates $1,812/mo in rent and, after a $857/mo payment, leaves $658/mo in cash flow. Total monthly income is $1,812/mo, and annual cash flow is $7,890/yr on $58,013 invested. Return on cash invested sits at 33.51% in year one, and rental yield is 12.43% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 176.33% and total cumulative return in cash sums $102,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,812/mo property income rather than buyer’s personal income.
Manufactured
Built in 1987
5 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: STACEY MASTERS • RE/MAX SUPERIORLAND
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50175253
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.