319 Johnson StCharlotteMI48813
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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 Charlotte at 319 Johnson St, Charlotte, MI, 48813 priced at $175,000 pairs $1,361/mo rent with $207/mo cash flow after a $857/mo payment. Total monthly income equals $1,361/mo, and annual cash flow comes to $2,478/yr on $58,013 invested. Return on cash invested is 24.18% in year one, and rental yield stands at 9.33% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 126.34% and total cumulative return in cash reaches $73,291. For financing, Ziffy Mortgage’s DSCR program evaluates $1,361/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
7,405 sqft 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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Nearby investment properties with comparable prices
Listed by: Jenny Lyn Chaney • Century 21 Affiliated
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284767
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