659 Pine StGladwinMI48624
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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 Gladwin at 659 Pine St, Gladwin, MI, 48624 uses $36,439 cash to close to unlock $1,358/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $838/mo, and a $538/mo payment keeps the spread at $113/mo. Purchase price stands at $109,923, and rental yield measures 9.15% with $838/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $30,370 over five years. Five-year ROI reaches 123.49% and total cumulative return in cash records $44,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $838/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
0.37 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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