505 W Lincoln StCharlevoixMI49720
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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 Charlevoix at 505 W Lincoln St, Charlevoix, MI, 49720 priced at $210,000 pairs $1,976/mo rent with $591/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,976/mo, and annual cash flow comes to $7,092/yr on $69,615 invested. Return on cash invested is 30.1% in year one, and rental yield stands at 11.29% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 158.01% and total cumulative return in cash reaches $109,996. For financing, Ziffy Mortgage’s DSCR program evaluates $1,976/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,568 sqft 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
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Listed by: Mark Knapp • Coldwell Banker Schmidt - Charlevoix
Mls Name: Northern Michigan MLS
Mls ID: #477545