13456 Stover Rd APT 1, Charlevoix, MI, 49720 | $556/mo Cash Flow

For Sale

Ziffy Mortgage

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 13456 Stover Rd APT 1, Charlevoix, MI, 49720 offers a 10.34% rental yield on a $274,900 purchase with $2,368/mo rent. Total monthly income registers $2,368/mo, and a $1,346/mo payment leaves $556/mo available for distribution. Annual cash flow reaches $6,668/yr on $91,129 to close, and return on cash invested stands at 27.23% in year one. Equity gained on principal adds $1,774/yr while 5% annual appreciation supports $75,950 over five years. Portfolio math shows five-year ROI at 142.61% and total cumulative return in cash at $129,963. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,368/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1989

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