7731 Summit 19.55 DrGladstoneMI49837
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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 7731 Summit 19.55 Dr, Gladstone, MI, 49837 uses $154,148 cash to close to unlock $7,266/yr annual cash flow and $606/mo monthly cash flow. Total monthly income runs $3,672/mo, and a $2,276/mo payment keeps the spread at $606/mo. Purchase price stands at $465,000, and rental yield measures 9.48% with $3,672/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 128.67% and total cumulative return in cash records $198,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,672/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Single Family
Built in 1994
1.44 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: CHRISTINA KING-CARON • UPWARDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50182996
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.