608 Kemp CtGladwinMI48624
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
Investment property for sale in Gladwin at 608 Kemp Ct, Gladwin, MI, 48624 at $182,900 posts ROI 31.77% with $599/mo cash flow from $1,805/mo rent. Total monthly income equals $1,805/mo, and annual cash flow records $7,189/yr on $60,631 to close. Return on cash invested measures 31.77% and rental yield reads 11.84% at the current $182,900. Equity gained on principal adds $1,180/yr, and 5% annual appreciation supports $50,532 by year five. Five-year ROI prints 167.03% and total cumulative return in cash totals $101,271.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,805/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1997
N/A 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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