206 W Harris StCharlotteMI48813
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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
Rental property for sale in Charlotte at 206 W Harris St, Charlotte, MI, 48813 priced at $129,000 converts $1,313/mo rent into $463/mo cash flow after a $631/mo obligation. Total monthly income equals $1,313/mo, and annual cash flow totals $5,552/yr on $42,764 invested. Return on cash invested prints 32.89% in year one, and rental yield reads 12.21% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 173.06% and total cumulative return in cash sums $74,005. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,313/mo property income covering a $631/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
10,018 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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