114 Peppervine Pl, Charlevoix, MI, 49720 | $575/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
2814 sft

2319 N M 66, East Jordan, MI, 49727

3 Bed
3 Bath
2000 sft

4460 E Fontenoy Rd, Boyne City, MI, 49712

5 Bed
7 Bath
3978 sft

701 E Beach St, Petoskey, MI, 49770

2 Bed
2 Bath
1350 sft

610 Division St, Charlevoix, MI, 49720

Nearby investment properties with comparable prices

- Bed
- Bath
- sft

3626 Michigan Trl, Kewadin, MI, 49648

5 Bed
3 Bath
2300 sft

316 Monroe St, Petoskey, MI, 49770

3 Bed
3 Bath
2208 sft

17 Harbor Ln, Harbor Springs, MI, 49740

1 Bed
2 Bath
1243 sft

4200 Main St #16, Petoskey, MI, 49770

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Charlevoix at 114 Peppervine Pl, Charlevoix, MI, 49720 priced at $489,000 converts $3,799/mo rent into $575/mo cash flow after a $2,393/mo obligation. Total monthly income equals $3,799/mo, and annual cash flow totals $6,896/yr on $162,104 invested. Return on cash invested prints 24.16% in year one, and rental yield reads 9.32% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 126.18% and total cumulative return in cash sums $204,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,799/mo property income covering a $2,393/mo payment, not borrower’s personal income.

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