520 W 1st 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
Investment property for sale in Charlotte at 520 W 1st St, Charlotte, MI, 48813 uses $44,918 cash to close to unlock $5,480/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $1,350/mo, and a $663/mo payment keeps the spread at $457/mo. Purchase price stands at $135,500, and rental yield measures 11.96% with $1,350/mo rent. Return on cash invested shows 32.11% in year one, and 5% annual appreciation builds toward $37,436 over five years. Five-year ROI reaches 168.82% and total cumulative return in cash records $75,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,350/mo property income covering a $663/mo payment rather than investor’s personal income.
Single Family
Built in 1951
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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