6765 N Gleaner RdFreelandMI48623
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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
Rental property for sale in Freeland at 6765 N Gleaner Rd, Freeland, MI, 48623 generates $1,974/mo in rent, after a $1,786/mo payment. Total monthly income is $1,974/mo. Return on cash invested sits at 15.62% in year one, and rental yield is 6.49% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 80.39% and total cumulative return in cash sums $97,267. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,974/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
2.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48623, Freeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,439 (100%) |
| Owner Occupied HU | 4,603 (84.6%) |
| Renter Occupied HU | 598 (11.0%) |
| Vacant Housing Units | 238 ( 4.4%) |
| Median Home Value | $283,821 |
| Average Home Value | $326,566 |
Housing Distribution
Address Breakdown
Residential
5,234
Single Family
5,234
Multi-Family
0
Businesses
330
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