6742 Oak Bluff 23.7 Dr #23.7GladstoneMI49837
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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 Gladstone at 6742 Oak Bluff 23.7 Dr #23.7, Gladstone, MI, 49837 uses $106,080 cash to close to unlock $4,298/yr annual cash flow and $358/mo monthly cash flow. Total monthly income runs $2,702/mo, and a $1,566/mo payment keeps the spread at $358/mo. Purchase price stands at $320,000, and rental yield measures 10.13% with $2,702/mo rent. Return on cash invested shows 23.96% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 126.1% and total cumulative return in cash records $133,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,702/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.46 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
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Listed by: SAMANTHA KLEIKAMP • COLDWELL BANKER SCHMIDT ESCANABA
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50159424
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