6248 Howard 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
Investment property for sale in Gladwin at 6248 Howard St, Gladwin, MI, 48624 offers a 9.65% rental yield on a $180,000 purchase with $1,447/mo rent. Total monthly income registers $1,447/mo, and a $881/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,120/yr on $59,670 to close, and return on cash invested stands at 25.14% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 131.39% and total cumulative return in cash at $78,401. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,447/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.27 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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