2022 Spayde RdCharlevoixMI49720
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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
Investment Highlights
Investment property for sale in Charlevoix at 2022 Spayde Rd, Charlevoix, MI, 49720 offers a 6.96% rental yield on a $570,500 purchase with $3,308/mo rent. 16% in year one. Equity gained on principal adds $3,681/yr while 5% annual appreciation supports $157,619 over five years. Portfolio math shows five-year ROI at 88.62% and total cumulative return in cash at $166,334. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,308/mo property income against a $2,792/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
20 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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