425 Knollcrest LnCharlevoixMI49720
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
Rental property for sale in Charlevoix at 425 Knollcrest Ln, Charlevoix, MI, 49720 priced at $395,000 converts $3,736/mo rent into $1,132/mo cash flow after a $1,933/mo obligation. Total monthly income equals $3,736/mo, and annual cash flow totals $13,578/yr on $130,943 invested. Return on cash invested prints 30.28% in year one, and rental yield reads 11.35% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 158.99% and total cumulative return in cash sums $208,182. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,736/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1991
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin R Stubbs • Kidd & Leavy Real Estate Co. LLC
Mls Name: Northern Michigan MLS
Mls ID: #478035