4908 Brookfield RdCharlotteMI48813
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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 4908 Brookfield Rd, Charlotte, MI, 48813 uses $82,842 cash to close to unlock $3,458/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $1,936/mo, and a $1,223/mo payment keeps the spread at $288/mo. Purchase price stands at $249,900, and rental yield measures 9.3% with $1,936/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 125.81% and total cumulative return in cash records $104,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,936/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
1.38 Acres 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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