206 Sheridan StCharlevoixMI49720
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 Charlevoix at 206 Sheridan St, Charlevoix, MI, 49720 priced at $414,900 pairs $2,614/mo rent with after a $2,031/mo payment. Total monthly income equals $2,614/mo. Return on cash invested is 18.84% in year one, and rental yield stands at 7.56% on a $414,900 basis. Equity gained on principal adds $2,677/yr, and 5% annual appreciation accumulates to $114,629 by year five. Five-year ROI measures 97.65% and total cumulative return in cash reaches $134,306. For financing, Ziffy Mortgage’s DSCR program evaluates $2,614/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.27 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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Listed by: Jennifer Burr • Coldwell Banker Schmidt - Boyne City
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #475610
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.