428 N Washington StCharlotteMI48813
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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 Charlotte at 428 N Washington St, Charlotte, MI, 48813 priced at $174,900 pairs $1,376/mo rent with $223/mo cash flow after a $856/mo payment. Total monthly income equals $1,376/mo, and annual cash flow comes to $2,672/yr on $57,979 invested. Return on cash invested is 24.52% in year one, and rental yield stands at 9.44% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 128.11% and total cumulative return in cash reaches $74,280. For financing, Ziffy Mortgage’s DSCR program evaluates $1,376/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1935
9,147 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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