102 State StCharlevoixMI49720
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Nearby investment properties with comparable prices
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 Charlevoix at 102 State St, Charlevoix, MI, 49720 offers a 6.94% rental yield on a $1,125,000 purchase with $6,508/mo rent. 37% in year one. Equity gained on principal adds $7,259/yr while 5% annual appreciation supports $310,817 over five years. Portfolio math shows five-year ROI at 89.69% and total cumulative return in cash at $326,924. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,508/mo property income against a $5,506/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49720, Charlevoix, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,248 (100%) |
| Owner Occupied HU | 3,482 (55.7%) |
| Renter Occupied HU | 798 (12.8%) |
| Vacant Housing Units | 1,968 (31.5%) |
| Median Home Value | $298,267 |
| Average Home Value | $400,844 |
Housing Distribution
Address Breakdown
Residential
5,378
Single Family
4,848
Multi-Family
530
Businesses
504
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Nearby investment properties with comparable prices
Listed by: Steve Good • Pat O'Brien & Associates - Charlevoix
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #473658
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.