11731 N Star Dr N #C, Charlevoix, MI, 49720 | $2,993/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Charlevoix at 11731 N Star Dr N #C, Charlevoix, MI, 49720 offers a 37.24% rental yield on a $123,900 purchase with $3,845/mo rent. Total monthly income registers $3,845/mo, and a $606/mo payment leaves $2,993/mo available for distribution. Annual cash flow reaches $35,920/yr on $41,073 to close, and return on cash invested stands at 107.36% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,231 over five years. Portfolio math shows five-year ROI at 572.81% and total cumulative return in cash at $235,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,845/mo property income against a $606/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2022

4,356 sqft lot

$N/A/sqft

$35 monthly 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