6040 Pine Lake Club Dr APT 24CharlevoixMI49720
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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 6040 Pine Lake Club Dr APT 24, Charlevoix, MI, 49720 earns from $3,224/mo rent with a $6,608/mo payment. Total monthly income totals $3,224/mo. ROI tracks 4.79% on current figures, and rental yield reads 2.87% at a $1,350,000 purchase. Equity gained on principal adds $8,711/yr, and 5% annual appreciation supports $372,980 over five years. Five-year ROI reaches 22.21% and total cumulative return in cash sums $97,145. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,224/mo property income instead of your personal income.
Condo
Built in N/A
N/A 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: Matthew Murray • Berkshire Hathaway HomeServices Real Estate
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476565
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.