6193 Old 31 SCharlevoixMI49720
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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 6193 Old 31 S, Charlevoix, MI, 49720 earns $637/mo cash flow from $2,894/mo rent with a $1,675/mo payment. Total monthly income totals $2,894/mo, and annual cash flow totals $7,647/yr on $113,439 capital. ROI tracks 26.65% on current figures, and rental yield reads 10.15% at a $342,200 purchase. Equity gained on principal adds $2,208/yr, and 5% annual appreciation supports $94,544 over five years. Five-year ROI reaches 139.55% and total cumulative return in cash sums $158,305. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,894/mo property income instead of your personal income.
Single Family
Built in N/A
0.60 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: N/A • N/A
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