2216 Charles DrStevensvilleMI49127
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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 Stevensville at 2216 Charles Dr, Stevensville, MI, 49127 generates $2,363/mo in rent and, after a $1,370/mo payment, leaves $517/mo in cash flow. Total monthly income is $2,363/mo, and annual cash flow is $6,206/yr on $92,787 invested. Return on cash invested sits at 26.6% in year one, and rental yield is 10.13% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 139.29% and total cumulative return in cash sums $129,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,363/mo property income rather than buyer’s personal income.
Multi Family
Built in 1969
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49127, Stevensville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,035 (100%) |
| Owner Occupied HU | 3,665 (72.8%) |
| Renter Occupied HU | 825 (16.4%) |
| Vacant Housing Units | 545 (10.8%) |
| Median Home Value | $339,340 |
| Average Home Value | $402,919 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,883
Multi-Family
79
Businesses
409
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Listed by: Brian Newton • Sunrise Real Estate, Inc.
Mls Name: MichRIC
Mls ID: #25046025