116 E Stoddard StCharlotteMI48813
Nearby investment properties with comparable rents
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
Rental property for sale in Charlotte at 116 E Stoddard St, Charlotte, MI, 48813 offers $2,395/mo rent that, after a $817/mo payment, leaves $1,294/mo cash flow. Total monthly income is $2,395/mo, and annual cash flow is $15,529/yr on $55,361 cash. Return on cash invested measures 47.96% in year one, and rental yield stands at 17.21% at a $167,000 entry. Equity gained on principal adds $1,078/yr while 5% annual appreciation compounds into $46,139 by year five. Five-year ROI records 253.88% and total cumulative return in cash reaches $140,547. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,395/mo property income versus a $817/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
3,484 sqft 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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