2402 N Stine RdCharlotteMI48813
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
Investment property for sale in Charlotte at 2402 N Stine Rd, Charlotte, MI, 48813 uses $75,052 cash to close to unlock $2,257/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,681/mo, and a $1,108/mo payment keeps the spread at $188/mo. Purchase price stands at $226,400, and rental yield measures 8.91% with $1,681/mo rent. Return on cash invested shows 22.92% in year one, and 5% annual appreciation builds toward $62,550 over five years. Five-year ROI reaches 119.57% and total cumulative return in cash records $89,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,681/mo property income covering a $1,108/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices