10600 Catherine 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 10600 Catherine St, Charlevoix, MI, 49720 uses $119,009 cash to close to unlock $7,436/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $2,987/mo, and a $1,757/mo payment keeps the spread at $620/mo. Purchase price stands at $359,000, and rental yield measures 9.98% with $2,987/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 136.9% and total cumulative return in cash records $162,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,987/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.93 Acres 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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Listed by: Austen Lobenherz • Berkshire Hathaway HomeServices Real Estate
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474472
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.