230 Newman StCharlevoixMI49720
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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 230 Newman St, Charlevoix, MI, 49720 with 5% annual appreciation on a $399,900 basis while $2,958/mo rent supports operations. Total monthly income totals $2,958/mo and a $1,957/mo payment preserves $321/mo for cash returns. Annual cash flow comes to $3,854/yr on $132,567 deployed, and return on cash invested reaches 22.82% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 8.88%. Five-year ROI measures 119% and total cumulative return in cash totals $157,748.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,958/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
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 |
Housing Distribution
Address Breakdown
Residential
5,378
Single Family
4,848
Multi-Family
530
Businesses
504
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Listed by: Shelly Novotny • Real Estate One - Charlevoix
Mls Name: Northern Michigan MLS
Mls ID: #477828