316 Vansickle Dr #33CharlotteMI48813
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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 316 Vansickle Dr #33, Charlotte, MI, 48813 uses $110,290 cash to close to unlock $10,409/yr annual cash flow and $867/mo monthly cash flow. Total monthly income runs $3,281/mo, and a $1,628/mo payment keeps the spread at $867/mo. Purchase price stands at $332,700, and rental yield measures 11.83% with $3,281/mo rent. Return on cash invested shows 29.35% in year one, and 5% annual appreciation builds toward $91,919 over five years. Five-year ROI reaches 154.88% and total cumulative return in cash records $170,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,281/mo property income covering a $1,628/mo payment rather than investor’s personal income.
Condo
Built in 2023
1,306 sqft lot
$N/A/sqft
$220 monthly 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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Listed by: Eric Crandall • WEICHERT, REALTORS- Emerald Properties
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #273546
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS