5939 Barnard RdCharlevoixMI49720
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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 Charlevoix at 5939 Barnard Rd, Charlevoix, MI, 49720 offers a 9.78% rental yield on a $675,000 purchase with $5,500/mo rent. Total monthly income registers $5,500/mo, and a $3,304/mo payment leaves $1,049/mo available for distribution. Annual cash flow reaches $12,582/yr on $222,075 to close, and return on cash invested stands at 25.73% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 134.54% and total cumulative return in cash at $298,791. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,500/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
2.82 Acres 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-Charlx
Mls Name: NGLRMLS
Mls ID: #1938003