903 Delta AveGladstoneMI49837
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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 Gladstone at 903 Delta Ave, Gladstone, MI, 49837 offers $1,470/mo rent that, after a $832/mo payment, leaves $349/mo cash flow. Total monthly income is $1,470/mo, and annual cash flow is $4,190/yr on $56,322 cash. Return on cash invested measures 27.35% in year one, and rental yield stands at 10.38% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 143.35% and total cumulative return in cash reaches $80,738. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,470/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
3,920 sqft 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: LORI RYMKOS • PREMIER REAL ESTATE, INC.
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50115604
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.