278 N Bonnie Brook DrCharlotteMI48813
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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 Charlotte at 278 N Bonnie Brook Dr, Charlotte, MI, 48813 at $175,500 posts ROI 27% with $344/mo cash flow from $1,501/mo rent. Total monthly income equals $1,501/mo, and annual cash flow records $4,124/yr on $58,178 to close. Return on cash invested measures 27% and rental yield reads 10.26% at the current $175,500. Equity gained on principal adds $1,132/yr, and 5% annual appreciation supports $48,487 by year five. Five-year ROI prints 141.41% and total cumulative return in cash totals $82,268.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,501/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1990
N/A 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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