0 Oakwood Dr #6BSEQJCharlotteMI48813
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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 Charlotte at 0 Oakwood Dr #6BSEQJ, Charlotte, MI, 48813 offers $2,962/mo rent that, after a $1,485/mo payment, leaves $961/mo cash flow. Total monthly income is $2,962/mo, and annual cash flow is $11,533/yr on $100,610 cash. Return on cash invested measures 31.37% in year one, and rental yield stands at 11.71% at a $303,500 entry. Equity gained on principal adds $1,958/yr while 5% annual appreciation compounds into $83,851 by year five. Five-year ROI records 164.89% and total cumulative return in cash reaches $165,895. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,962/mo property income versus a $1,485/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48813, Charlotte, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,757 (100%) |
| Owner Occupied HU | 6,674 (76.2%) |
| Renter Occupied HU | 1,648 (18.8%) |
| Vacant Housing Units | 435 ( 5.0%) |
| Median Home Value | $238,833 |
| Average Home Value | $262,106 |
Housing Distribution
Address Breakdown
Residential
8,672
Single Family
8,161
Multi-Family
511
Businesses
621
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